Sales Up Amid Share Sell Off

Slovenian mass grocery retail (MGR) operator Mercator has reported a slight 1% rise in net profit for the first nine months of the year to EUR36.4mn (US$52.3mn). Group net sales were up 13% to EUR2bn (US$2.8bn) driven by international sales which rose by 34%, while domestic sales increased by a more modest 5%. Looking forward to the last quarter of the year, Mercator has said that it is looking to improve profit margins in this time of slowing consumption. Mercator has recently come into the spotlight as major shareholders in the firm have announced their intension of selling their stake,

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