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Metro returns India profit

India's Metro Cash & Carry has turned a profit for the first time since entering the market 15 years ago

Metro returns India profit

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India-based wholesaler Metro Cash & Carry, part of Germany’s Metro AG group, has turned a profit for the first time in 15 years, reports the Times of India.

Bengaluru-headquartered Metro Cash & Carry reported sales of euro776m in 2017/18 and an 11 per cent increase in profit over the prior year period, the publication said.

Commenting on the results, Metro AG CEO Olaf Koch is quoted as saying: “Five years down the line, the Indian arm should generate significantly more than one billion euros in turnover and should continue to grow in profitability.”

Metro Cash & Carry operates 27 stores in India.

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