Greek supermarket chain Metro has posted a turnover of €367m (US$395m) for 2002, an increase of 15.5% year on year.

The company said it expects its turnover to increase to over €420m in 2003. The chain plans to open three or four new supermarkets in Athens and two cash and carry outlets in Kavala and Alexandroupolis in 2003. It also plans to invest around €10m in upgrading and renovating its supermarkets, reported the Greek News Digest.