PARIS, July 31 Carrefour, the world's
second-largest retailer, reported a 13.8 percent rise in
first-half recurring operating profit to 833 million euros
($1.12 billion), driven by higher profitability in its core
French business and in Brazil and Argentina, while China stayed
Chief Financial Officer Pierre-Jean Sivignon said earlier
in July that the analysts' consensus forecast for an operating
profit of about 2.38 billion euros this year was "reasonable".
That would be a 6.3 percent rise on 2013.
The French group said first half adjusted net income rose
16.7 pct at current foreign exchange rates to 274 million euros.
Carrefour is battling to reverse years of underperformance
in Europe, where it makes 73 percent of its sales. Its problems
are partly due to a reliance on the hypermarket format it
pioneered, as customers favour more local and online shopping.
In response, Chief Executive Georges Plassat has lowered
costs, revamped stores, cut prices, simplified product offerings
and given more autonomy to store managers, starting in France.
(1 US dollar = 0.7465 euro)
(Reporting by Andrew Callus; editing by Mark John)