Mercator Posts Resilient Q1 Earnings But Downside Risks Still In Play

Leading Slovenian mass grocery retailer (MGR) Mercator has reported a 3.1% annual increase in Q1 (three months to March 2010) net income to EUR6.65mn. Sales pushed up 3.2% year-on-year (y-o-y) to EUR637.2mn, although performance on a like-for-like basis is likely to have been modest with most of the growth driven by organic and non-organic

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