Metro's Wal-Mart deal helps boost profit

Article Abstract:

Metro Group AG of Germany has posted an almost 100 percent net profit for 2006, fourth quarter results are 706 million Euros up from 228 million Euros last year. Strong results at the retail store chain were due to the acquisition of Wal-Mart Stores Inc. of Germany. Metro Group AG is still facing integration costs due to the merger of a food retail business.

Financial report

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Metro's net rises sharply on strong sales, unit sale

Article Abstract:

Metro Group AG of Germany posted stellar net proft increases by 88 percent to 262.4 million Euros ($355 million) compared with 139.3 million Euros last year. Revenues were due to the divestment of the Praktiker unit and increased sales in foreign markets.

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German retailer Metro reports full-year net profit dropped 36%

Article Abstract:

Metro Group AG of Germany posted a 36 percent fall in net profit for 2005 to 531 million Euros ($641.8 million) from 828 million Euros last year. The department store forecast a sales increase this year due to the Soccer World Cup.

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