Jumbo Group board will recommend paying an extraordinary dividend of 0.27 euros per share to its shareholders (0.234 euros per share after taxes) during an extraordinary general shareholders’ meeting on July 27.
In an announcement, Jumbo Group said it was restoring dividend payment which was skipped last year because of extremely complex economic conditions, raised by 50 pct.
Jumbo sales grew 9.44 pct to 637.56 million euros with stores in Greece and Cyprus recording increases of around 4.0 pct and 5.0 pct, respectively, while turnover in Romania almost doubled. In Bulgaria, sales grew more than 12 pct.
The management plans to make a more efficient administration of its existing network and infrastructure and to continue expanding in new areas. The Group operates a network of 71 stores in four countries (51 in Greece, five in Cyprus, 8 in Bulgaria, 7 in Romania and an e-shop).
The Group plans to operate three new super-stores (one in Bulgaria and two in Romania) in the remaining of the year.
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