Sales abroad boost Mercator's profit

The international marketing magazine for fresh produce buyers in Europe
Carl Collen

BY CARL COLLEN

Sales abroad boost Mercator's profit

The Slovenian retailer has announced that net profit for the first nine months of the year increased 1 per cent

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Mercator's profit increased by 1 per cent during the first nine months of the year to €36.4m, with group net sales increasing 13 per cent to €2bn.

Slovenia's largest food retailer said that results were boosted by a jump in sales from outlets outside the domestic market, which increased 34 per cent on a year-on-year basis. Domestic sales rose slightly, up 5 per cent compared with 2007.

"Despite a serious worsening of the conditions in the banking sector due to the global financial crisis, the financial operations of Mercator are undisturbed," the group said in a statement.

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