Stockmann Reports Rise in Profit
- Aug. 12 2013 00:00
- Last edited 19:52
Finnish department store owner Stockmann reported a surprise rise in quarterly operating profit as strong sales in Russia offset weak retail spending in Finland.
Stockmann's second-quarter operating profit rose 1.4 percent from a year earlier to 30.1 million euros ($40.3 million). Analysts on average expected 26.3 million euros, according to a poll.