By  on February 11, 2014

BERLIN — Difficult market conditions, adverse currency effects and portfolio changes buffeted sales and EBIT before special items at The Metro Group in the first quarter but thanks to a lower tax rate, net profits almost quadrupled in the three-month period ending Dec. 31.

In final figures released Tuesday net profit at the German cash & carry, department store, hypermarket and electronics retail group surged to 514 million euros, or $699.6 million in the quarter, compared to 129 million euros,  or $167.3 million, for the period a year previously.

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