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El Corte Inglés has introduced a new supermarket concept

2023-03-20 00:00

Portugal's Sonae profit buoyed by one-off gains despite retail margin squeeze

Sonae, owner of Portugal's largest food retailer, reported a 21% jump in fourth-quarter net profit as one-off capital gains more than offset the impact of high inflation and energy costs on its supermarkets business. The conglomerate made net profit of 132mln euros ($140mln) in the three months to

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