Stock Groups

Finnish retailer Stockmann sees better times ahead -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – People pass Stockmann Shopping Center in Helsinki (Finland), May 6, 2017. REUTERS/Ints Kalnins

HELSINKI (Reuters). – Finnish Premium Department Store Chain Stockmann posted a rise on Friday in its fourth-quarter earnings. The company said the positive development would continue, provided that no COVID-19 restrictions were imposed.

This 160-year-old retailer reported a 50.6 million euro ($56.8million) operating profit in October and December. That’s an improvement on the loss of 256 millions recorded in the previous quarter.

($1 = 0.8913 euros)

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]