70m-euro profit for Metro stores

Metro Cash & Carry Romania, the biggest trade network on the local market, last year posted a gross profit worth 253.2 million RON (almost 70 million euros) against the 177.2 million RON (43 million euros) in the previous year. Metro officials did not comment on the financial results, but network managers had previously said the strategy for the local market of the cash & carry division of the German group focused on developing services and increasing profitability. Metro last year posted a turnover worth 4.79 billion RON (1.323 billion euros calculated at the average exchange rate), as compared with 4.1 billion RON (1 billion euros) a year before. The company operates the largest cash & carry store network on the local market – 23 outlets, and is also the company with the biggest profits on the local market.