"The opening of this new regional office reflects a renewed level of service and support Walmart Latinoamérica is ready to provide to our markets, to our associates, to our stores, and to the people in countries throughout Latin America," he said.
"This underlines our successful course of growth in Russia even in times of general economic crises," said Uwe Roessler, managing director of Selgros. "The total investment amounted to approximately 15m. Further store openings in Russia are currently being planned."
Chief executive Michael Luscombe said it was a strong result: "We have strongly grown profits while driving 3,500 prices in our Australian supermarkets business lower than a year ago," he said. "The work and investment over the past 10 years, in improving our systems and streamlining our back-end processes, mean we can deliver these benefits in a sustainable manner over the longer term."