Nordic Business Report-April 19, 2006-Axfood AB posts Q1 operating profit of SEK226m
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The Swedish retail chains operator Axfood AB issued its first quarter interim report on Wednesday (19 April), posting an operating profit of SEK226m, as compared to SEK242m in the first quarter of 2005.
Consolidated sales amounted to SEK6,820m, up by 2.5% from SEK6,651m in the first quarter last year. Retail sales in wholly-owned stores improved by 5.5%.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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