ECONOMY

Jumbo profits jump 15.7 pct year-on-year

jumbo-profits-jump-15-7-pct-year-on-year

Greek toy retailer Jumbo said on Thursday net profit for the first half of its financial year to December 2015 rose 15.7 percent year-on-year to 72.5 million euros, helped by lower transport and commodity costs.

Despite the positive results, Jumbo reiterated its annual sales growth estimate of between 6 and 8 percent, saying challenges in Greece would continue in the coming months.

[Reuters]