Carrefour SA management policies over the past year to restructure the business to fruition. France's largest retailer survived plunging revenue. During
the year 2012, they produced a combined operating income of 2.14
billion euros (2.78 billion euros), down slightly from 2.6 percent in
2011.
Although down, the result is quite satisfactory. You see, many analysts expect the whole business of Carrefour operating income will fall in 2012 to 2.07 billion euros due to weak consumer spending and intense competition.
John Kershaw, an analyst at BNP Paribas, London, assess the success of Carrefour pressing falling revenue because it can drive sales at the domestic level, namely French. Proceeds from sales in France reached 44.7 billion euros in 2012, far ahead of its main competitor, LeClerc, 40.7 million euros. This amount also contributes most to all Carrefour sales reached 76.79 billion euros, up 0.9 percent from a year earlier.
With the results of this performance, George Plassat, Chief Executive Officer (CEO) of Carrefour, proposes a dividend of 0.58 euros per share. Payment of dividends is scheduled for June 7, 2013.
Although down, the result is quite satisfactory. You see, many analysts expect the whole business of Carrefour operating income will fall in 2012 to 2.07 billion euros due to weak consumer spending and intense competition.
John Kershaw, an analyst at BNP Paribas, London, assess the success of Carrefour pressing falling revenue because it can drive sales at the domestic level, namely French. Proceeds from sales in France reached 44.7 billion euros in 2012, far ahead of its main competitor, LeClerc, 40.7 million euros. This amount also contributes most to all Carrefour sales reached 76.79 billion euros, up 0.9 percent from a year earlier.
With the results of this performance, George Plassat, Chief Executive Officer (CEO) of Carrefour, proposes a dividend of 0.58 euros per share. Payment of dividends is scheduled for June 7, 2013.
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