The president of the Jerónimo Martins said that Pingo Doce will make an investment of around €100m this year, including store openings, refurbishments and warehouses. The Jerónimo Martins Group continues to invest profits back into the company, having channeled more than €1bn into its Portuguese operations in the last eight years. “We pay more than 100 million tax between IRC, social security and other taxes. It is also very important to clarify that besides being a great investor, we are also doers”, said the president Jerónimo Martins. Pingo Doce opened two new stores in 2015 and currently another 5 are anticipated. Jerónimo Martins profits rose 10.5 percent last year compared to 2014, to €333.3m.
