Declining revenues and profits at the Metro-group

Last year, Metro Group's revenues and profits both reduced. According to the Wednesday report of Germany's largest commercial chain revenue decreased by 3.6 percent to 65.5 billion euros, primarily due to foreign exchange effects.

The after-tax profit decreased by 7 percent to 519 million euros. By excluding the group restructure costs, profit increased by 14 percent to 824 million euros. The foreign exchange effects adversely affected mainly the Eastern Europe turnover: the average income there decreased much more: decreasing by 12.8 percent to 15.8 billion euros – reports ProfitLine.hu., after MTI.