Carrefour Group Swings To H1 Profit

French food retailer Carrefour Group (CRERF.PK,CRRFY.PK,0NPH.L) on Wednesday reported net income for the first-half of 2021 of 298 million euros, compared to net loss of 25 million euros last year.

Adjusted net income rose to 337 million euros or 0.42 euro per share, from 250 million euros or 0.31 euro per share last year.

Sales including VAT increased slightly to 38.32 billion euros from 38.08 billion euros last year. On a like for like basis, sales increased 3.9%.

The company said sales performance reflects a solid dynamic of market share gains in key countries and the relevance of its multi-format and omnichannel model.

The Board of Directors has also approved the launch of an additional buyback program of Carrefour shares for a maximum amount of 200 million euros, with a view to canceling those shares.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing. Twitter, Inc. (TWTR) announced Monday that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United States District Court for the Northern District of California. Under the terms of the proposed settlement, Twitter will pay $809.5 million...
Follow RTT