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Portugal’s Sonae profit up on higher sales, profitability slips

Page created: Thursday, 12 March 2015 9:00 GMT

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Financial Results  NOS   Sonae

Portugal’s largest retailer, Sonae, posted an 11 percent rise in 2014 net profit to 144 million euros ($152 million), in line with expectations, as sales increased and its market share broadened even as price competition eroded profitability.