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CGUSY Casino Guichard Perrachon SA (CE)

0.10
0.00 (0.00%)
18 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Casino Guichard Perrachon SA (CE) USOTC:CGUSY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.10 0.00 01:00:00

Casino 2018 Profit Fell; Keeps Dividend

14/03/2019 7:19am

Dow Jones News


Casino Guichard Perrachon (CE) (USOTC:CGUSY)
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From Jul 2019 to Jul 2024

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   By Max Bernhard 
 

Casino Guichard-Perrachon SA (CO.FR) on Thursday reported a drop in 2018 net profit and said it would keep its dividend stable.

The French retailer said its net profit for the year fell 9.4% to EUR318 million euros ($359 million), compared with EUR351 million a year earlier, as a result mainly of a higher effective tax rate. Sales fell 2.4% to EUR36.60 billion.

Casino said over the next three years it aims to open 300 new premium and convenience stores and become the number-one seller of organic products. It targets annual growth in trading profit for its retail business of 10%, and free cash flow of EUR500 million per year.

Casino said it will propose an unchanged dividend of EUR3.12 a share.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

March 14, 2019 03:04 ET (07:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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