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Carrefour annual profit rises 11,3% in 2010
Dia will be listed in the Spanish stock exchange
- Key4Communications
04/03/2011
The company registered annual profits of 382 million euros, 11.3% more than the previous year thanks to the expenses cut plan. Sales grew a 5.5% in 2010, boosted by the good response of emerging markets
The expenses cut allowed total savings of 910 million euros, but financial debt increased in 21.2% and reached 7,998 million euros. Carrefour plans more cuts in 2011, and also expects an increase in revenue and profits before taxes and interests. The firm will also continue its reorganization plan: Dia will spin-off from the group, and this supermarket chain as well as Carrefour Properties will be publicly listed. Carrefour will also change and reinforce its supermarket chain Planet.
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