ATHENS, Oct 7 (Reuters) - Greek retailer Jumbo BABr.AT
estimated on Wednesday that net profit for the 12-month period
to June 2016 will drop 15-25 percent.
It also said that sales for its fiscal first quarter to
September rose 4.8 percent thanks to robust growth in foreign
markets, coming in at 152.6 million euros.
The company, which operates 53 stores in Greece and 19 in
Cyprus, Bulgaria and Romania, said it would update its forecasts
after its fiscal second quarter, which includes the Christmas
season.
Greece imposed capital controls and shut its banks for three
weeks over the summer to stem a massive flight of deposits due
to political uncertainty. The move hurt consumer spending.
Greece's economy is expected to shrink 2.3 percent this
year.