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Greece's Jumbo grows FY 2018-2019 pre-tax profit, revenue in Bulgaria

Author Mario Tanev
Greece's Jumbo grows FY 2018-2019 pre-tax profit, revenue in Bulgaria

SOFIA (Bulgaria), October 21 (SeeNews) - Greek retailer Jumbo said that its profit before taxes from operations in Bulgaria rose to 22.7 million euro ($25.3 million) in its fiscal year 2018-2019, ended June 30, compared to 21.0 million euro in its 2017-2018 fiscal year.

The company booked sales of 86.2 million euro in latest full financial year, up from 78.8 million euro in fiscal year 2017-2018, the company said in an interim financial statement.

Cost of goods sold increased to 42.3 million euro in the period under review from 38.6 million euro in the previous fiscal year.

Jumbo's Bulgarian unit employed 841 people at the end of June, up from 831 at the start of the year. Jumbo entered the Bulgarian market in 2005.

Outside Greece, Jumbo has stores in Bulgaria, Romania and Cyprus. 

($ = 0.8956 euro)

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