Carrefour Swings To First-Half Loss

Carrefour SA CRRFY swung to a first-half net loss. Carrefour posted a loss of 249 million euros ($359.2 million), versus a net income of 97 million euros, in the year-ago period. Excluding exceptional items, Carrefour's net income declined 49% to 153 million euros from 302 million. Its sales climbed to 39.61 billion euros from 38.71 billion. Carrefour shares closed at $6.10 yesterday.