A €1.31bn (US$1.7bn) fourth quarter profit has helped Carrefour Group record a 10.8 per cent rise in Chinese operating revenues for 2012.
The Chinese market generated €5.58bn (US$7.4bn) in revenue for the European retail giant last year, accounting for just over 6 per cent of the company’s €86.56bn (US$115.78bn) global revenue.
Carrefour’s Chinese operational revenue has risen by an average of 6.4 per-annum since 2007.
Globally, the company’s revenue managed a 1 per cent rise, its smallest since 2005.
The company has 218 stores in China and plans to build another 20 stores per year.
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