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.

MYTILINEOS – Big profit increase in 2021

62.4% increase in earnings per share on an adjusted basis for extraordinary and non-recurring events, compared to the Nine Months of 2020, or 18% on a non-adjusted basis, with net profit after minority interests amounting to € 115 million, was shown by MYTILINEOS in the 9 months of 2021, according to a relevant announcement.

Average net earnings up by 2 pct in November, to 3,411 lei

The average gross nominal earnings in November were 5,565 lei, by 113 lei (+ 2.1%) higher than in October 2020, while the average net nominal value rose to 3,411 lei, on the increase compared to the previous month, by 68 lei (+ 2%), according to data published on Wednesday by the National Institute of Statistics (INS).

Forthnet stems outflow
 of broadband subscribers

Telecommunications company Forthnet, whose creditors have entered into exclusive negotiations with BC Partners for the concession of its shares and debts, announced on Thursday that it had reversed the trend of previous years in which it registered a drop in in broadband subscriptions to post growth of 0.2 percent in 2019 to 550,967, while its pay-TV (Nova) subscribers in Greece and Cyprus fell

Lamda Development’s malls
 post further profit increase

The shopping centers of Lamda Development - The Mall Athens, Golden Hall and Mediterranean Cosmos - have shown an increase in their operating profits for the seventh year in a row, Lamda announced on Tuesday.
Their 2019 earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 64.3 million euros, up 8.6 percent from 2018.