date:May 04, 2014
CarrefourSA, the Turkish joint venture between Carrefour and Sabanci Holding, said yesterday that its net profit rose 150% in the first quarter of this year compared with the same period of 2013.
This is the first quarterly profit rise posted by the company since 2008 - five consecutive years of losses.
According to a statement CarrefourSA posted a profit of 3.7 million Turkish lira (US$1.75 million) for the first quarter of 2014 are five years of losses, including 100.1 million Turkish lira