The net profit of one of the largest retail chains in Europe has fallen by 17%, according to the data for the 1st quarter of the fiscal year. The losses were caused by the changes in exchange rates, mostly in the Russian ruble’s value, which have led to the reduction in the company's sales volume by 1.3%. Nevertheless, Metro’s management has noted, that despite the crisis in the Russian market, it has managed to open 87 stores over the past year.
The negative news has influenced the Metro shares to already fall by 0.7%. Do not miss this great chance to make good money on the asset’s further decline. Remember, that trading will be available during the European session, from 7:30 to 15:30 GMT time.
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