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Sales rose 19.2 percent to CHF 501.2 million, according to a statement released on Friday. Transaction turnover increased by more than 70 percent to 23.8 billion. In addition to the significant recovery after the corona pandemic, the transition to a large number of living things in the debt area also provided strong growth.
As a result, group profit more than doubled from 50.9 million the previous year to CHF 118.4 million.
The card portfolio also saw further growth. Stock increased by 45 percent and crossed the 4 million mark for the first time with 4.08 million cards. Migros Cumulus credit card transition also contributed significantly to this strong growth.
As fiscal 2022 is characterized by numerous special effects, the growth curve for 2023 is expected to flatten and sales and earnings stabilize.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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