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Retail giant Carrefour struggles in China, France


In Asia, Carrefour's ongoing operations produced a loss of 58 million euros (RM273mil), compared to a profit of 13 million (RM61mil) the previous year. - Reuters pic

In Asia, Carrefour's ongoing operations produced a loss of 58 million euros (RM273mil), compared to a profit of 13 million (RM61mil) the previous year. - Reuters pic

PARIS: France’s biggest retailer Carrefour reported lower profits on Thursday as it struggled in China and in its French home market where cut-throat competition weighed on margins.

Its 2016 operating performance improved in the rest of Europe and in Latin America, but not enough to prevent net profit from falling 24% to 746 million euros (RM3.5bil).

Carrefour , Retail

   

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