Migros has posted an increase in group profit of 9.8 per cent to CHF724m (€594m) for the full-year of 2012, with EBIT up 0.7 per cent and corporate sales rising of 0.6 per cent.
According to the retailer, a stable gross margin in the co-operative retail business, efficiency enhancing programmes and an improved wholesale business contributed to the positive results, Planet Retail reported.
The retail segment of the group reported a 1.3% increase to CHF21.33bn (€17.5bn), while sales at Migros' co-operatives in its domestic and foreign markets decreased 0.9 per cent to CHF14.52 billion (€11.9bn).
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