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Slovenia's Mercator sees strong H1 net profit growth

Sep 26, 2019, 2:44:13 PMArticle by Klaudjo Jonuzaj
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LJUBLJANA (Slovenia), September 26 (SeeNews) – Slovenian retailer Mercator [LJE:MELR] said on Thursday its consolidated net profit grew to 2.4 million euro ($2.6 million) in the first half of 2019, up 58% on the prior-year period.

Slovenia's Mercator sees strong H1 net profit growth
Author: Agrokor. License: All rights reserved.

Consolidated revenue edged up 0.4% on the year to 1.06 billion euro, while the results from operating activities (EBIT) rose to 30 million euro in the first half, which is an increase of 77% over the same period of last year, Mercator said in a filing to the Ljubljana Stock Exchange.

The Mercator Group's EBITDA totalled 83.0 million euro in the January-June period. In the like period of the preceding year EBITDA amounted to 48.1 million euro, according to restated data.

($ = 0.91091 euro)

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