SLOVENIA: Mercator reports weak YTD results | Progresiv

Mercator has reported a poor set of results for the first three quarters of its fiscal year, hurt partly by store closures and some asset disposals.

For the nine months, net profit fell by nearly 75% to 8.2 million euros, while revenues were down 3.3% to 1.9 billion euros.  The group recorded sales declines in nearly all its markets, with results in Slovenia down 3%, Serbia down 5%, and Croatia down 8.3%. The only bright spot was Montenegro, where sales grew by 9.8%.

The Agrokor-owned chain however noted that it continued to gain market share in the various countries. (www.kamcity.com)