PARIS: Carrefour SA, France’s largest retailer, reported an increase in full-year profit as a revival in Europe helped drive the fourth straight year of revenue growth.
Recurring operating income rose 2.4 percent to 2.45 billion euros, Boulogne-Billancourt-based Carrefour said yesterday.
Adjusting for exchange rates and excluding some items, such as the integration of the DIA discount stores Carrefour bought back in France, earnings rose 12 percent. Rival Casino Guichard-Perrachon SA on Wednesday reported a 35 percent drop in profit, hurt by price cuts in France.
