French supermarket chain operator Monoprix yesterday [Thursday] reported a nearly threefold rise in net profits to €76m.
Much of the rise is attributed to the absence of weighty charges linked to changeover to the euro that pulled down profits in 2000, as well strong synergies arising from the group’s alliance with hypermarket group Casino Guichard-Perrachon.
Operating profit rose by 40% to €137.5m from €98.3m the previous year, on turnover up 63% from €3.83bn to €3.59bn.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
