French retail giant Groupe Casino posted an increase in half-year profits today (28 August) as a result of “effective” international markets.
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Net profit from continuing operations was up 10.7% to EUR230m (US$339m) from EUR208m in the same period last year.
Operating profit was also on the rise, with a 10.5% increase to EUR525m for the period to 30 June 2008, from EUR475m for the previous year.
Net sales jumped 19.6% to EUR13.8m from EUR11.5m in the previous year, while international operations also reported very strong growth in sales, led by double-digit organic growth in South America (15.5%) and Asia (13.1%) and by the full consolidation of Exito and Super de Boer.
Trading profit rose a steep 36.1%.
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By GlobalDataEBITDA was up 11.2% on last year to EUR863m from EUR776m.
The company’s net debt stood at EUR5.9m versus EUR6m a year earlier.
