Carrefour sign

Carrefour has announced that its recurring operating income climbed during the first half of the year, up 7.7 per cent at constant exchange rates to €766m from €730m in the same period of 2012.

Net sales for the six-month period came in at €36.5bn, up 1.4 at constant exchange rates but down 0.8 per cent at current exchange rates, the retailer noted.

In France, sales were roughly stable at €16.9bn, although recurring operating income soared 75.4 per cent to €482m.

There were also positives signs in Asia and Latin America, where sales climbed 2.7 per cent and 13.3 per cent to €3.4bn and €6.9bn respectively.

However, in other European markets, sales were down 4.6 per cent at constant exchange rates to €9.2bn, reflecting the 'persistently difficult economic environment in southern Europe', the group said.