Mercadona Reports Sales Growth

Spain's third largest grocery retailer Mercadona has reported that its gross turnover in 2008 increased by 10% to reach EUR15.38bn. This growth was attributed to growing like-for-like sales and new store openings. However, the firm's net profit fell by 5% to EUR320mn, partly attributable to a transport strike in June which led to losses of EU15mn.

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