A satisfactory first half
Label ‘Vie posted a 12% increase in its consolidated H1 2017 revenues to MAD3.934bn. This increase in sales is due to the 4.2% rise in sales of existing stores at the end of 2015, the increase in the number of stores opened in 2016, and the additional sales made by the stores opened in the first half of 2017. Sales, however, were impacted by the work of converting the outlets of Casablanca Vélodrome and Rabat Zaers under the brand of “Carrefour Gourmetâ€.The EBIT posted a 36.7% jump to MAD209.128m, generating an operating margin of 5.3%, compared with 4.4% in H1 2016.
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