In the Czech Republic, retail chain Billa has reported that full-year net profit dropped from CK143.2m (€5.6m) in 2006 to CK86.5m (€3.4m) in 2007.

Conversely, the group's sales in the country enjoyed a dramatic increase, jumping from CK588m (€23m) to CK8.76bn (€342.8m) during the 12-month period, according to press reports in the country.

Billa increased its store portfolio by three during 2007, operating a total of 83 outlets across the country.

Additionally, the group said that the gradual integration of the Delvita supermarket chain, acquired in 2007, should be completed by the end of 2008. 97 outlets were purchased as part of the deal, with Billa opting to close eight of those in 2007.

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