Jerónimo Martins Profits Up, But Halves Colombian Expansion Plans
date:Nov 06, 2013
ingo Doce surfaces and Recheiro commercial.

Gross operating profit of the company grew by 7.8% to 573 million, while net debt of the company increased by 42% to 308 million.

However, Jeronimo Martins has also reduced its capital expenditure plans for its start-up business in Colombia.

The company halved its investment plans for Colombia to 50 million from 100 million.

The retailer made Colombia its third market in March of this year when it opened its first store, under the Ara banner, in th
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