Greek retailer Jumbo ups dividend payout by 20%

Jumbo SA

15/10/2019 15:30

ATHENS, Oct 15 (Reuters) -    Greek retailer Jumbo
 BABr.AT  said on Tuesday it increased  its dividend payout by
20% for its fiscal year that ended in June and will continue
doing so for the next two years.
    Jumbo will pay a total dividend of 0.47 euros a share for
the 12 months to end-June, up from 0.39 euros in the respective
period a year ago.
    The retailer, which has 52 stores in Grece and another 27 in
Romania, Bulgaria and Cyprus, said net profit came in at 162.9
million euros ($179.27 million), up 7.8% year-on-year.
    Sales for the first three months of the current fiscal year
to end June 2020 rose 8.2%, beating Jumbo's forecasts for a 5%
rise for the full year.
    Business in Romania has been growing rapidly in recent
years. Jumbo said it will open two new outlets in Romania and
another two in Greece and Cyprus by next year.

($1 = 0.9087 euros)

 (Reporting by Angeliki Koutantou)
 ((angeliki.koutantou@thomsonreuters.com; +30 210 3376436;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))