Super-Sol's Fourth Quarter Profits More Than Double

Israel's leading mass grocer retail (MGR) operator Super-Sol has announced that its fourth quarter profits more than doubled on the back of cost efficiencies and a 10% sales rise. Fourth quarter net profits were up an impressive 120% to ILS93mn (US$26.8mn), while sales rose to ILS2.33bn (US$672.5mn), with same store sales up 8.8%. Super-Sol has been steadily improving its profitability, which has been aided by positive economic growth of recent years. However, with the economy slowing down, Super-Sol has warned that this will have a direct impact on sales, as it will also be forced to raise some prices in

To read the full article, please choose one of the following options: