Slovenia-based retailer Mercator has this week announced a strong set of results for the nine-month period ended in September, with net profit up to €28m from the €17.9m recorded in 2009.
According to a statement, the group saw sales increase by 3.7 per cent through January-September to €2.04bn.
Driving the sales improvement was the purchase of Croatian retailer Getro in January, as well as the July takeover of Montenegro-based Pantomarket, Mercator revealed.
The group operates stores across a number of Eastern European markets in addition to Slovenia, including Serbia, Croatia, Bosnia, Montenegro, Bulgaria and Albania.
