Portuguese retailer Jeronimo Martins has posted first-quarter net profit of €1.3m (US$1.4m), the first time the company has reported a profit since the first half of 2000. Analysts polled by Reuters had forecast net results between a loss of €3.9m and a profit of €2.3m. For the first quarter of last year, the retailer reported a loss of €27.5m.