Financial Wire

Kobe Bussan's March Sales Rise 2.9%

-- Kobe Bussan's (TYO:3038) March net sales reached 49.1 billion yen, up 2.9% on a non-consolidated basis, according to a Monday filing on the Tokyo Stock Exchange.

The supermarket operator's gross profit jumped 7.3% to 5.28 billion yen, while operating profit grew 1.9% to 2.93 billion yen.

The Gyomu Super operator opened two direct-managed and five indirectly-run stores in the month, bringing its network to 1,136 locations. There were no closures.

Shipments to existing stores in directly managed areas increased 1.4%, and nationwide shipments rose 1.9% from a year earlier.

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