Trent shares rise 7% after strong Q2 profit and Zudio hits 1,000 stores
Shares of Trent climbed about 7% on the stock market following the company's second-quarter results. Its net profit rose 25%, while revenue from operations grew 22%. The retailer also opened its 1,000th Zudio store as part of its continuing expansion plan. Its food and grocery arm, Star, posted solid growth even amid competitive pressure in the market. The chairman voiced confidence in the company's long-term potential and direction.
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