Greek Retailer Jumbo Boosts Pre-Tax Profit in Bulgaria, Plans to Open New Store

Greek Retailer Jumbo Boosts Pre-Tax Profit in Bulgaria, Plans to Open New Store

Greek retailer Jumbo said that its pre-tax profit from the Bulgarian market increased to 21 million euro ($24.2 millon) in its fiscal year 2017/2018, ended June 30, from 16.5 million euro in its previous fiscal year. Jumbo's net sales revenue in Bulgaria rose to 78.1 million euro in fiscal year 2017/2018 from 64.7 million euro in the prior 12-month period, the company said in an annual financial statement. At the end of June, Jumbo operated a total of 75 stores, nine of which in Bulgaria - four in Sofia, and one each in the cities of Plovdiv, Varna, Burgas, Ruse and Stara Zagora. The company intends to open one more store in Bulgaria within the next two years, it said in its report. Bulgarian operations contributed 10.4% of the group's turnover in fiscal year 2017/2018, compared to 9.5% in fiscal year 2016/2017.Jumbo's Bulgarian unit employed 839 people at the end of June. Jumbo entered the Bulgarian market in 2005.Outside Greece, the company has stores in Bulgaria, Romania and Cyprus.($ = 0.8667 euro)

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.