Carrefour with 82 million USD profit for the half year
The French retail chain retail Carrefour has issued a profit in the first half of 2010. This is mainly due to the good performance of emerging markets, which offsets the negative effects seen in Western Europe. Of Carrefour profit was 82 million after the first six months of last year was reported a loss of 58 million. Do sales increased by 5.9 percent to 48.9 billion EUR, reported Wall Street Journal. Operating profit for the first half was 1.1 billion following last year were achieved 1.02 billion. Preliminary expectations were for an operating profit of 1.05 billion. This allows the company, which is the second largest chain of retail sales in the world after the American Wal-Mart, to confirm its forecasts for operating profit in 2010. It is a positive result of 3.1 billion. Over the last six months of Carrefour shares have increased by 1,5 per cent of the exchange in Paris. This presentation is much better than the presentation of the overall market as the main CAC 40 index lost 7.5 per cent for the period.
Home Depot with 41% growth of profit
The profit of the U.S. retail chain Home Depot for home for the fiscal first quarter jumped by 41% annualized forward Wall Street Journal. The company increased its forecast for sales and profits this year. The results of Home Depot reinforced signals that Americans slowly recover their consumption. However, industry retail sales remained cautious in view of the uncertain economic outlook. Home Depot now expects full-year profit of around 1.88 dollars a share and sales growth by about 3.5 percent. In February, the company forecast profit for the year of 1.79 dollars per share and increased sales by 2.5 percent. For the quarter ended May 2, Home Depot has a profit of 725 million dollars, or 43 cents a share, for 514 million dollars (30 cents per share) positive financial results a year ago. The company was making high investments into the marketing and financed this with fixed rate remortgage, which was got under very low interest level.