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Live BlogLondis to create 240 jobs in 12 new stores
The supermarket chain posts a profit for 2010 and indicates plans to expand in 2011 with new stores opening.
SUPERMARKET CHAIN LONDIS will create 240 new jobs in the coming year when it opens 12 new shops, expanding its operations after reporting strong financial performance for 2010.
ADM Londis, which supplies produce to the Londis-branded shops, posted a pre-tax profit of €1.1m on a wholesale turnover of €237m. The figures were down, but only moderately, on 2009, the Sunday Business Post reports.
Bolstered by those profits, ADM Londis’s chief executive Stephen O’Riordan said the fall in the chain’s sales – which ripped to €500m from €560m – had “bottomed out” and the increase in consumer sentiment meant the worst was probably over.
“We have a good lean, efficient business,” O’Riordan told the SBP.
There are already about 300 Londis stores in Ireland, down from a pre-recession peak of 350.
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