ECONOMY

Greece’s Jumbo posts higher H1 profit year-on-year

Greece’s biggest toy retailer Jumbo posted higher first-half profit year-on-year on Thursday and stuck to its forecast for a 4-6 percent rise in full-year sales despite recent political turmoil in Greece.

The chain, which has 52 stores in Greece and 17 in its three overseas markets of Cyprus, Bulgaria and Romania, said group net profit rose 6.3 percent to 62.7 million euros for the six months to December 31.

That compares to a profit of 59 million euros in the same period in 2013.

[Reuters]