On October 3rd, Britain’s biggest retailer, which acquired wholesaler Booker in March, reported operating profit before one-off items of US$1.21 billion, a 24% increase on the same period last year but less than analysts had expected. The profit shortfall was explained by a 29.1% decline in profit in Asia and a 3.3% reduction in central Europe. In Poland, the group suffered from trade restrictions on Sunday opening in “a challenging market”.
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