By  on November 3, 2009

BERLIN – Metro Group’s net profits dropped 54.7 percent in the third quarter, impacted by discontinued operations, negative currency effects and lower interest income due to the weak capital market.

The German retail giant - which is comprised of the core Cash & Carry division, Galeria Kaufhof department stores as well as electronics chains, supermarkets and hypermarkets - reported a net profit of 97 million euros or $138.6 million for the period. Dollar figures are converted from the euro at an average exchange rate for the periods to which they refer.

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