Retailer Mercator rebounds from loss on slightly higher sales

Ljubljana – Mercator, Slovenia’s largest retailer, recovered from last year’s deep loss as it posted a net profit of EUR 12.6 million for the first nine months of the year. Sales revenue was up by almost a percent to EUR 1.63 billion, shows the group’s earnings report released on Thursday. Operating profit (EBIT) stood at EUR 57.5 million compared to an operating loss of almost EUR 28 million in the same period last year. Normalised profit before income tax, depreciation and amortisation (EBITDA) rose by almost 11% to EUR 139.3…

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