The growth was largely because of the fast-paced expansion in the past year when it inaugurated three hypermarkets and ten convenience stores.
Carrefour Romania operates the Carrefour hypermarkets, supplies the necessary products to the franchised convenience stores opened under the Express and Contact brands and collects the franchise fees.
Carrefour Romania therefore operates 28 hypermarkets and 52 convenience stores.
The company officials had not returned ZF’s calls for comment on the results the time the story was ready for posting.
The quarterly financial reports of the group said the sales of Carrefour Romania had been affected by the food VAT cut from 24% to 9% as of June 1, however they did see like-for-like growth in the second quarter.
The Carrefour group owns several companies in Romania, which operate other types of stores, too, but Carrefour Romania is the largest of them and generates 85% of the business. (EUR1=RON4.4167)
(English version by Loredana Fratila-Cristescu)