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Portugal Sonae’s profitability drops, one-offs boost net profit

Page created: Thursday, 20 August 2015 9:10 GMT

Thematic
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PSI  Results  Sonae

Portugal’s largest retailer, Sonae, posted on Wednesday a steeper-than-expected 14 percent drop in first-half recurring earnings as tough competition and weak consumer prices dented profitability while sales edged up 1 percent.