The Slovenian retail chain Mercator achieved 1.356 billion euros in sales revenue in the first six months of this year, which is 3.3 percent less than in the same period last year, but it also reduced its net loss by one-fifth to 15.1 million euros, the company announced on the website of the Ljubljana Stock Exchange.
Lower sales revenues are attributed to tightened economic conditions and a decline in purchasing power, which is why sales revenues in Slovenia, as Mercator’s largest market, fell by 3.8 percent, but a decline was also recorded in the Croatian market.
The operating profit that Mercator achieved in the first half of this year was halved compared to last year’s result, amounting to 11.3 million euros.
Mercator’s investments in the first half of this year amounted to 10.2 million euros, which is 73 percent less than last year, and net debt to banks was reduced by 17.6 million euros and now stands at 990 million euros.
