date:Dec 03, 2013
Belgian discount grocer Colruyt retained its cautious guidance for the full financial year, in spite of a strong first half in which it gained market share and expanded its margins.
Net profit in the first six months of its calender until 31 March came in at 176.2 million, above the 163 million expected in a Reuters analysts' poll. Operating Profit for the same period was up 10.4% to 254.7 million.
Revenue at Colruyt increased 4.6% to 4.25 billion. In a statement issued by the company, which c