Mercator still in the red despite higher sales in 2021

Ljubljana – Mercator, the leading grocery group in Slovenia, generated EUR 2.2 billion in sales revenue in 2021, up 1.6% over 2020, while its net loss decreased from almost EUR 157,000 to EUR 2,150, shows its annual report released on Monday. However, excluding losses from revaluation of investment properties, the group posted a net profit of EUR 3.9 million in 2021, the Ljubljana-based company said. The Croatian-owned group recorded growth in all segments last year, with the most significant growth being that in its core retail business, CEO Tomislav Čizmić…

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The post Mercator still in the red despite higher sales in 2021 appeared first on Slovenia Times.

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