Companies / Israel
Super-Sol's Fourth Quarter Profits More Than Double
March 2008 | Company News AlertIsrael'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
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Middle East & Africa Food and Drink Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East & Africa Food and Drink Insight please click on the trial link below.
