Jumbo's 4-mo sales in Bulgaria grow 9% y/y

In April alone, sales in Bulgaria increased by 7% year-on-year against an 11% climb posted for the group as a whole, Jumbo said in a press release on Friday.

In Romania, Jumbo's sales added an annual 10% in April and 12% in the first four months of 2024.

For the four months through April 2023, the Jumbo group booked a 25% yearly jump in sales, with sales in Bulgaria leaping 24% and sales in Romania growing 20%, according to an earlier statement.

The company will propose a dividend of 1 euro ($1.08) per share, representing 45% of the group's 2023 net profit, at its annual general meeting scheduled for May 22.

Last month, Jumbo added a second store in the city of Oradea in northwestern Romania.

($ = 0.9277 euro)