French retailer Carrefour announces profits of $85m

French retailer Carrefour has announced it made an $85m (€82m) net profit in the first half of the year.

The result compares with a net loss in the same period a year earlier.

Under new chief executive Lars Olofsson, the company has taken a greater market share in France, which currently accounts for 40% of its sales.

The European market remains lacklustre however, and rumours are rife that Olofsson's focus is now firmly fixed on China and India.

Mariko Oi reports.

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