Net profit of the French retailer Auchan in the first half of the year 2016 compared to the same period last year decreased by 16% - to € 117 million, RNS reports referring to company data.
Consolidated revenues before tax increased by 0,8% - to € 26,1 billion.
Operating profit decreased by 13,2% - to € 296 million.
"In Russia, the business model continues to demonstrate success, but the economic environment has had a great influence on it; the effect of exchange rates will put pressure on performance, "- said the company.
See also ... 29/04/2016 S&P downgraded Auchan's rating to stable “BBB +” 01/09/2015 Auchan's profit fell by 2 times in the first half of the year11/02/2013 French chains recalled products, where instead of beef they found horse meat18/04/2016 “ Auchan "will expand its business in Russia01/04/2015 Auchan plans to open shopping malls in Kiev and Odessa29/07/2016 Carrefour's net profit decreased 1,6 times 05/08/2016 Auchan announced a shortage of" gourmet "cheeses in the Russian Federation23/06/2016 Auchan opened the first hypermarket in Tajikistan26/03/2015 Auchan in the militia: how the retailer works in Donetsk 04/12/2013 Auchan invested 32 billion rubles in the development of the Russian network in 2013/19/07 Auchan plans to open three hypermarkets in Siberia 2016/12/04 Real dropped out of deal with Auchan2013/26/12 Auchan demands real bonuses2013/26/10 Auchan will unite networks in Russia 2015/07/05 Controversial Real may be sold to Lenta