Centros Comerciales Carrefour Espana, a unit of French retail giant Carrefour, has posted a rise in nine-month net profit to €143.2m (US$168.7m) from €115.9m in the year-ago period.
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Sales rose to €5.7bn for the first nine months of the year, compared to €5.3bn a year earlier. Hypermarket sales rose 6% on a like-for-like basis, while supermarket sales increased 5%, reported Dow Jones International News.
Higher sales and improved distribution cost controls resulted in a 13% rise in operating profit to €168.1m.
During the nine-month period, the company opened one new hypermarket and 19 Champion supermarkets. It plans to open another hypermarket and nine supermarkets by the end of 2003.
