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Name | Symbol | Market | Type |
---|---|---|---|
Ceconomy AG (PK) | USOTC:MTTRY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.034294 | -6.40% | 0.501806 | 0.5035 | 0.6289 | 0.501806 | 0.501806 | 0.501806 | 222 | 16:30:02 |
By Monica Houston-Waesch and William Wilkes
FRANKFURT--German retailer Metro AG said Friday that net profit rose in its fiscal first quarter, despite tepid holiday sales in December and currency losses in several countries.
Net profit for the quarter was 381 million euros ($410 million), up 3.8% from EUR367 million a year earlier.
On Jan. 10, Metro reported sales of EUR17 billion the in quarter to Dec. 31, down 0.6% from a year earlier. The October-December period is usually the retailer's strongest, when shoppers make purchases for the Christmas holidays. Metro said it was adversely affected by a number of weaker currencies, such as the Turkish lira.
Metro affirmed its group guidance for slightly higher sales and adjusted earnings before interest and taxes this year, but repeated that it will issue fresh guidance after the company splits into two entities later this year. Metro will create one company for its food and wholesale businesses and another for consumer electronics.
Write to Monica Houston-Waesch at nikki.houston@wsj.com
(END) Dow Jones Newswires
February 03, 2017 02:06 ET (07:06 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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