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Thu, 11 Aug, 2016 12:09:14 AM FTimes – STT Report, Aug 11  File Photo – Lehtikuva. Retailers Tokmanni on Wednesday announced profit growth in the second quarter of this year.
The company’s adjusted operating profit for April-June was 11.4 million euros, posting a 20 per cent plus rise from that in the corresponding period of last year.
Tokmanni’s turnover in the quarter grew by 5.4 per cent year on year to 192 million euros. The company expects its turnover growth to continue during the rest of the year.
Tokmanni CEO Heikki Väänänen said the stores opened before 2015 registered a January-June net turnover of 1.5 per cent. According to him, a part of the growth this year resulted from the deregulation of opening hours.
“We have grown faster than the market, and it was based on the growth of net turnover from the new stores,” Väänänen said in a company statement.
Tokmanni got listed on the Helsinki Stock Exchange in April.
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