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Carrefour Swings To H1 Profit

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Carrefour SA (OTC: CRRFY) swung to a profit in the first half of the year.

Carrefour posted a net profit of 902 million euros ($1.2 billion), versus a year-ago loss of EUR31 million.

Its revenue dropped 1% to EUR41 billion, while earnings before interest and taxes climbed 4.9% to EUR766 million.

Carrefour shares closed at $6.05 yesterday.

 

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Posted-In: profitEarnings News