Having acquired a greater market share in France, French retailer Carrefour is said to have made a comeback into prosperity in the first half of the year. The Company, which is the world's biggest retailer after the U. S.-based Wal-Mart Stores Inc., has declared a net profit of $85m in the first half of the year, under new Chief Executive Lars Olofsson.

Accounting for 40% of the Company’s sales, Carrefour is said to have achieved an even greater share in the French market. With eyes aimed at China and India, the Company has seen growth, which to some extent has helped balance the persistent weakness in Europe.

Pierre Bouchut, Carrefour's Financial Director asserted that since no regular or even trend was seen in the past, therefore the outlook still remained weary and no predictions could be made on consumption and consumer behavior in Europe and France.

The target of EUR3.1 billion in operating profit for the year was soon to be met, the Company affirmed.

Pierre said, "Carrefour posted solid growth in sales and operating profit before non-recurring items in a difficult environment and we are on track to achieve the objectives set as part of our transformation plan”.

Heavily outperforming the Paris stock market, the shares of the Company have reportedly added 0.10% to 36.14 Euros in trade. In comparison to the 12.0% loss for the CAC 40 index, the Company put forth a 9.0% gain in the very beginning.