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Sales growth was strongest among family shoppers, while trading improved at its larger supermarket and Extra stores.
While fixed-income trading improved from the same time last year, equity trading and commissions both declined sharply.
After years of falling sales, Christmas trading improved slightly, with UK like-for-like sales up 3.7% in the three months to the end of December.
They were helped by not having to record any accounting losses on the company's own liabilities, But even excluding that improvement in fortunes, debt trading revenue more than doubled, to $2.7 billion, while equities trading improved 55 percent, to $1.4 billion.
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They also said that India needs to introduce greater competition in wholesale trading, improve agricultural productivity and build better infrastructure.
In the unsettled debate about whether and how insider trading should be tightly regulated, those who endorse a laissez-faire approach may believe that insider trading improves market efficiency.
Normally, welfare improvement associated with a policy shock in the form of trade liberalization may be due to more favorable terms of trade, improved allocation of existing resources, additional resources, improvement in technology and improvement in employment of factor resources.
Over the same period Brazil's terms of trade improved by 27%.
The Mets used to think nothing of dealing prospects if the trades improved their chances of contending immediately.
Between 2000 and 2010 Brazil's terms of trade improved by around 25%; in the past five years private-sector credit doubled.
"It's remarkable how companies are taking advantage of rising world trade, improved business opportunities and increasing capital availability," Mr. Stern said.
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