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German retailer Metro posts 23% rise in China sales
By Ding Yining |
March 22, 2013, Friday
|
Online Edition
Online Edition
METRO Cash & Carry said its China sales in 2012 rose 23 percent from a year ago to 1.89 billion euros (US$2.44 billion).
German retailer's global sales added only 1.7 percent last year to 31.6 billion euros.
Pre-tax profit shrank 17.5 percent to 947 million euros. The company didn't disclose figures of each country or region.
China contributed about 6 percent to its overall sales and was a major driver of growth. Metro's sales in Russia and Turkey also increased.
Metro added 12 outlets in China last year, among its 46 new stores worldwide. That brought its total number of stores in China to 64.
German retailer's global sales added only 1.7 percent last year to 31.6 billion euros.
Pre-tax profit shrank 17.5 percent to 947 million euros. The company didn't disclose figures of each country or region.
China contributed about 6 percent to its overall sales and was a major driver of growth. Metro's sales in Russia and Turkey also increased.
Metro added 12 outlets in China last year, among its 46 new stores worldwide. That brought its total number of stores in China to 64.
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