Toy re­tailer posts jumbo sales

Kathimerini English - - Front Page -

and home­ware re­tailer Jumbo is plan­ning a 7.04-mil­lioneuro share cap­i­tal in­crease with one new share to be dis­trib­uted for ev­ery 22 old ones, pend­ing the ap­proval of its an­nual gen­eral meet­ing on Fe­bru­ary 12. Share­hold­ers will also be asked to au­tho­rize the board to is­sue com­pany bonds. Its Oc­to­berDe­cem­ber re­sults showed a high­erthan-ex­pected in­crease in sales, as the pos­i­tive trend that started in the pe­riod from July to Septem­ber con­tin­ued for cu­mu­la­tive six-month sales of 316.74 mil­lion eu­ros, up from 295.39 mil­lion in the same pe­riod of 2012. This means that sales vol­ume grew by 7.23 per­cent, against ex­pec­ta­tions for an in­crease of be­tween 4 and 6 per­cent. Sales at the com­pany’s stores in Greece re­mained in pos­i­tive ter­ri­tory in the Oc­to­berDe­cem­ber pe­riod, while sales in Cyprus posted sig­nif­i­cant growth, partly thanks to the launch of a new store at Paphos.

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