Jumbo group, the largest retail company of toys, baby products, stationary products and other relevant products in Greece, announces that the Annual General Meeting of the company’s shareholders, that took place on Wednesday, December 9th, 2009 at the company’s headquarters, approved the distribution of a € 0.23 dividend per share (gross) increased by 15%.
During the Annual General Meeting, the management informed the investors that the company continues to grow as the costumers that enter in its store network have increased by 8%, despite the adverse conditions in the Greek retail market.
The management also informed the company’s shareholders that during November the group launched its new hyper store in Plovdiv, Bulgaria, of total surface of 13.500sqm. The early indications are positive taking into account that the store is located in a rural area of Bulgaria. Today, the Group operates 45 stores of which 41 are located in Greece, 2 in Cyprus and 2 in Bulgaria.
The company, despite the challenging macroeconomic environment, continues its investment program aiming to the opening of one more hyper store in Greece up to the end of the current financial year (June 2010) and five new hyper stores during the next financial year (July 2010-June 2011). Specifically during the financial year July 2010-June 2011, it is expected the opening of two hyper stores in Bulgaria, one in Cyprus and two in Greece.