• Net profit up 31.6%
  • Operating profit climbs 14.8%
  • Sales grow 3.4%
The increase was driven by a EUR119m capital gain

The increase was driven by a EUR119m capital gain

French retail giant Auchan saw its earnings climb in the first half of the year boosted by a one-off gain and continued growth in Asia and central and eastern Europe.

Earnings in the six months to the end of June were up 31.6% to EUR356m (US$470.3m), the retailer reported today (30 August). The increase was driven by a EUR119m capital gain from the sale of seven shopping centres and retail parks in France. Excluding non-recurring items, profits rose by 3%.

Operating profit saw growth of 14.8% to EUR583m, attributable to non-recurring items in 2013. Sales rose 3.4% to EUR23.15bn.

Hypermarket sales were up 2.8% to EUR18.2m, but fell slightly on a same-store basis by 0.7%. Supermarket sales climbed 4.3% to EUR3.9bn and edged up 0.1% on a like-for-like basis.

Click here to view the full earnings release.