date:Apr 08, 2014
One of Italy's largest grocery chains, Esselunga, posted a sizable fall in net profits for the full 2013 fiscal year, despite strong sales.
According to their financial report which was released late last week, net profit fell 14.3% to 210 million. However, the Group said that sales rose 1.7% over the course of the year to 6.957 billion, with customer footfall increasing 1%.
The gross operating profit amounted to 505 million for the 12 month period, a 6.7% drop form the 2012 figure, while net