Kaufland Czech Republic reported sales revenues of CZK 32bn (€1.2bn) in the financial year 2009 (started in March 2008 and ending in February 2009). It represents an increase of 3.4% on the previous year. Net profits doubled against the previous year and amounted to CZK 2bn (€76.6m), according to Hospodarske Noviny. The results prove Kaufland’s position as one of the most profitable retail chains in the Czech Republic, the company boasted.
The company launched five new hypermarkets in the country in 2009 and at the end of the year the network included 90 shops. For the current year the company has announced another four openings.
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