French food retailer Hyparlo, a partner company of retail giant Carrefour, has reported a first half net loss of €0.61m (US$0.60m), compared to a first half net profit of €1.33m in 2001.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In the six months to 30 June, Hyparlo recorded revenue of €528.2m, a slight increase on last year’s H1 revenue of €504.5m.
Last year’s first half operating loss of €1.62m was turned around to a H1 operating profit of €5.35m this year, mainly due to improvements in the company’s three Italian hypermarkets.
Hyparlo aims to record a turnover of €1.1bn in 2003 from its 17 hypermarkets, 12 of which are in France, three in Italy and two in Romania.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
