Pepco Group Quarterly Revenue Rises on 161 Store Openings

Pepco Group Quarterly Revenue Rises on 161 Store Openings
A general view of the exterior of the Pepco Holdings Inc corporate headquarters in Wash., on March 30, 2012. Jonathan Ernst/Reuters
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Pepco Group, the owner of PEPCO, Poundland, and Dealz discount retailer brands in Europe, posted a 12 percent rise in its quarterly total revenue on a constant currency basis, driven by performance at its PEPCO banner that saw a 20 percent revenue jump.

The group, which listed on the Warsaw stock exchange last May, said on Thursday its first-quarter revenue for the period of October-December came in at 1.35 billion euros ($1.54 billion), with like-for-like sales up 0.7 percent.