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Portugal retailer Sonae’s sales rise, profit slumps on one-offs

Page created: Friday, 19 May 2017 8:52 GMT

Thematic
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Earnings Report   Q1 2017  Sonae

May 18 Portugal’s largest retailer, Sonae SGPS, posted on Wednesday a 6 percent increase in first-quarter sales and its profitability improved even as net profit fell a steep 72 percent after one-off capital gains a year ago.