Jerónimo Martins rakes in €433 million and pays out 50% in dividends

Pingo Doce profits increase to €356 million

Jerónimo Martins, the parent company of the Pingo Doce supermarket chain, has announced first quarter profits for the year marked by inflation, particularly in the food sector, of €356 million. Sales increased 22.1%, said the company, while profits rose 36.3%.