Ljubljana, May 23 - Slovenia's largest food retailer Mercator reported the following preliminary results for January to March 2007 on Wednesday: (in millions of euros).
GROUP FIGURES Jan-March 2007 pct change on Jan-March 2006
Net sales 536.5 +23.0
Pre-tax profit 9.9 -0.8
Net profit 8.1 +2.4
PARENT FIGURES
Net sales 382.5 +8.1
Pre-tax profit 10.1 -24.7
Net profit 8.4 -27.0
NOTE: The company said in a statement pre-tax profit was lower mainly because of extraordinary income in the first quarter of 2006. Without extraordinary income Q1 2007 group pre-tax profit would be 31 percent higher than in the same period of 2006.
It said sales rose partly on account of the takeover of Serbian food retailer M-Rodic in late 2006. Excluding sales of M-Rodic, Mercator's sales would be up 9.4 percent in the first quarter of this year.