⁍ Portuguese retailer Jeronimo Martins said its net profit grew 11% to 115 million euros.
⁍ Supports by a slight rise in sales as demand slowly returned with the lifting of lockdowns.
– Portuguese retailer Jeronimo Martins said on Wednesday its net profit grew 11% to $1335.9 million in the third quarter, supported by a slight rise in sales as demand slowly returned with the lifting of lockdowns. The retailer, which sells clothes and shoes in more than 100 countries, said sales in the third quarter were up 0.7% to ⁇ 1.38 billion. (This story has not been edited to reflect that the company’s net profit grew 11% to $1335.9 million in the third quarter.) LISBON, Oct 28 Portuguese retailer Jeronimo Martins said on Wednesday its net profit grew 11% to $1335.9 million in the third quarter, supported by a slight rise in sales as demand slowly returned with the lifting of lockdowns. The retailer, which sells clothes and shoes in more than 100 countries, said sales in the third quarter were up 0.7% to ⁇ 1.38 billion. (This story has not been edited to reflect that the company’s net profit grew 11% to $1335.9 million in the third quarter.) LISBON, Oct 28 Portuguese retailer Jeronimo Martins said on Wednesday its net profit grew 11% to $1335.9 million in the third quarter, supported by a slight rise in sales as demand slowly returned with the lifting of lockdowns.
Source: https://www.reuters.com/article/jeronimo-martins-results/portugals-jeronimo-martins-q3-profit-sales-grew-as-lockdowns-lifted-idUSFWN2HJ1D2