UK: Jeronimo Martins reports 2001 losses within analysts' estimates
Portuguese retailer Jeronimo Martins last night [Thursday] reported 2001 net losses of €86.51m (US$76.2m), down from €63.87m the previous year. Six analysts polled by Reuters had forecast losses of between €73.1m and €90.1m, so the results fell squarely within this range. The loss included exceptional items such as provisions for capital gains from the sale of the Vidalgo, Melgaco e Pedras Salgadas unit and provisions for assets.
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