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Metro Group plunges deeper into the red

Metro Group has posted a 2.2% increase in sales to EUR15.6 billion (USD20.6 billion) for its first quarter of fiscal 2012 ended 31 March 2012. However, EBIT came in at a loss of EUR9 million (USD11.9 million) following profit of EUR142 million (USD197.6 million) in the prior year quarter.

Source: Planet Retail

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