Slovenia’s Mercator Raises 9-Mo Group Net Profit by 0.9% Y/Y to 36.4 Mln Euro

“In the first nine months of 2008, Mercator Group generated nearly 2.0 billion euro of net revenues from sales, which is 13% more than in the same period last year and 75.3% of total planned revenues for the year 2008,” Mercator said in a filing to the Ljubljana Stock Exchange (LJSE).

However, the nine-month net profit of Mercator’s Slovenian unit fell 2.5% despite a 5.4% increase in its net revenues.

Operations in Slovenia were negatively affected by inflation and the global financial crisis, the statement said.

It said operations abroad saw high revenue growth and improvement of business performance. Net revenues from sales abroad reached 667 million euro through September, amounting to a third of total group revenues.

($ = 0.7847 euro)