Migros Türk sees revenue grow 5.9%

Turkish retailer Migros Türk saw its net revenue grow 5.9% to TRL5.07 billion (USD3.27 billion). Operating profit halved to TRL296 million (USD191.03 million), while net profit came in at TRL262 million (USD169.08 million), compared to TRL553 million (USD356.89 million) in 2007. In terms of sales breakdown, Turkey generated sales of TRL4.85 billion (USD3.13 billion) and an operating profit of TRL276 million (USD178.12 million). Kazakhstan had sales of TRL174 million (USD112.29 million) and an operating profit of TRL14 million (USD9.03 million). Bulgaria and Azerbaijan had sales of TRL30 million (USD19.36 million) and TRL20 million (USD12.90 million) respectively and operating profits of TRL5 (USD3.23 million) and TRL2 million (USD1.29 million).

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