Portuguese supermarket group Jeronimo Martins has reported a 66% rise in nine-month net profit to €58.1m (US$74.1m).
Sales were €2.53bn for the first nine months of the year, compared to €2.52bn in the same period of the previous year.
The company said the higher net profit was due to good operating results and lower charges. Jeronimo Martins is Portugal’s second-largest retailer and also has operations in Poland.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
