Jeronimo Martins' third-quarter profit soars 28%

Jeronimo Martins SGPS SA

25/10/2023 17:24

LISBON, Oct 25 (Reuters) - Portuguese retailer Jeronimo
Martins  JMT.LS  on Wednesday posted a 28% jump in third-quarter
net profit, driven by a robust sales increase at its
market-leading Biedronka chain in Poland.         
    The company reported a net profit of 202 million euros 
($214 million) between July and September.    
    Consolidated sales rose 22% to 7.9 billion euros in the
quarter, fuelled by a 24% rise at Biedronka, where sales reached
5.5 billion euros.    
   


($1 = 0.9454 euros)

 (Reporting by Patrícia Vicente Rua; Editing by Andrei Khalip)
 ((patricia.rua@thomsonreuters.com; +351 21 123 2775; Reuters
Messaging: patricia.rua.reuters.com@reuters.net))