LISBON, Oct 27 (Reuters) - Portugal's second-largest
retailer Jeronimo Martins posted on Wednesday a near
20% rise in third-quarter net profit, boosted by robust sales in
its key market Poland and a rebound at home with the easing of
coronavirus restrictions.
The company reported a net profit of 137 million euros
($159 million) between July and September, when Portugal and
Poland where lifting the curbs put in place to control the
pandemic, from 115 million euros a year ago.
Total sales rose 8.7% to 5.3 billion euros driven by
Poland's food retail leader Biedronka.
In Portugal, sales by the Pingo Doce supermarket chain rose
2.7% to around 1 billion euros.
Chief Executive Officer Pedro Soares dos Santos said in a
statement that "with the Christmas season approaching and
despite the uncertainty on the pandemic evolution, the results
attained so far reinforce our confidence in achieving the growth
targets set for the year."
Earnings before interest, taxes, depreciation and
amortisation (EBITDA) grew 8.8% to 429 million euros in the
third quarter.
($1 = 0.8618 euros)
(By Patrícia Vicente Rua, Editing by Andrei Khalip)