Costco cantaloupe

Costco has revealed that its net profit climbed on a year-on-year basis through the third quarter of the fiscal year, up to US$386m from US$324m in the same period of 2011.

The US-based warehouse club operator saw net sales increase 8 per cent to US$21.85bn, while total revenue including membership fees increased by 8.2 per cent to US$22.32bn.

According to the group, membership fee revenue rose by 9.2 per cent, while same-store sale for the quarter jumped by 5 per cent.