ECONOMY

Jumbo net profit up 3.5 pct, no dividend

jumbo-net-profit-up-3-5-pct-no-dividend

Greece’s largest toy seller Jumbo on Monday posted a 3.5 percent rise in net profit for its last fiscal year, but said it will not pay a dividend because of capital controls.

The company, which operates 53 stores in Greece and 19 in Cyprus, Bulgaria and Romania, said net profit came in at 104.8 million euros for the year ending June 30, from 101.2 million euros a year earlier.

[Reuters]