Despite the difficult macroeconomic environment the Group managed to exceed the increase in sales and earnings of the first half of the financial year 2008/2009.
For the first half of the financial year 2008/2009 sales increased by 15.72% y-o-y. Group's sales on the second half (01/01/2009-30/06/2009) grew with a better pace than the first half of 2008/2009. As a result the annual sales growth reached 15.81% y-o-y. Moreover, the annual net profit for the financial year 2008/2009 is expected to be above 15.03% y-o-y which was the net profit growth of the first half of 2008/2009.
Positive are also the first indications on sales level of the first two months of the current financial year July 2009-June 2010. Sales' growth is in line with the management's target of 8% annual growth.
Today, the Group operates 44 stores of which 41 are located in Greece, 2 in Cyprus and 1 in Bulgaria while continues its investment program which includes the opening of 2 new hyper stores at the current financial year and 4 new hyper stores on the financial year 2010/2011.
Jumbo SA will announce the annual results for the financial year ended in June 2009 on 24 September 2009 after the end of trading on Athens Exchange.