METRO’s profits halved

One of the biggest German chain of stores’ profit halved during the first quarter of 2009. Revenue is expected to fall throughout the year, though the management is still optimistic.

 The company's management explained the severe decline with the global economic crisis and with the currency exchange rates. Many experts believes that the negative trend will continue throughout the year. However, the management is optimistic, after the April revenue has been better than the previous year's comparable period. This may also mean that the world's fourth largest commercial chain can successfully survive the crisis and even has the ability to grow.