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Pepco raises full-year profit forecast as it flags strong Q4

Pepco raises full-year profit forecast as it flags strong Q4

- European discount retailer Pepco Group PCOP.WA raised its full-year forecast for underlying net profit growth on Tuesday, after it flagged a strong fourth-quarter performance in a pre-close statement.

The Warsaw-listed company now expects its underlying net profit growth to exceed 60% in the financial year ending on Thursday, up from the earlier guidance of more than 50% growth. It also sees full-year revenue growth at the top of its 6% to 8% range.


(Reporting by Marta Maciag, editing by Milla Nissi-Prussak)

((Marta.Maciag@thomsonreuters.com;))

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