French retailer Carrefour announces profits of $85m
French retailer Carrefour has announced it made an $85m (€82m) net profit in the first half of the year.
The result compares with a net loss in the same period a year earlier.
Under new chief executive Lars Olofsson, the company has taken a greater market share in France, which currently accounts for 40% of its sales.
The European market remains lacklustre however, and rumours are rife that Olofsson's focus is now firmly fixed on China and India.
Mariko Oi reports.
31 Aug 2010
- From the section Business