LJUBLJANA (Slovenia), November 23 (SeeNews) – Slovenian retailer Mercator [LJE:MELR] said on Friday it swung to a consolidated net profit of 8.9 million euro ($10.1 million) in the first nine months of 2018, from a restated net loss of 10.5 million euro in the prior-year period.
Consolidated revenue rose 1.6% on the year to 1.6 billion euro in the nine months through September, while revenue from retail added 5.4% to 1.2 billion euro, Mercator said in a filing to the Ljubljana Stock Exchange.
In Slovenia, which remains the most important market for Mercator Group, retail revenue rose by 0.5% relative to the comparable period of the preceding year, the company said.
“Re-establishment of retail operations in the market of Bosnia and Herzegovina in September 2017 also had a positive effect on Mercator Group revenue.”
The Mercator Group's EBITDA totalled 86.8 million euro in the first nine months of 2018; in the equivalent period of the preceding year it amounted to 69.6 million euro, according to restated data.
($ = 0.87690 euro)
Poslovni Sistem Mercator d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies