Israel's largest supermarket chain Super-Sol has announced that it saw a year-on-year drop in net profit and revenue for the second quarter of the year.
According to the retailer, the negative result was due to the second quarter of 2011 being boosted by Passover sales, which fell in mid-April as opposed to the start of April this year.
Net profit came in at ILS36m (€7.3m), down from ILS79m (€16m) last year, while revenue dropped 3.8 per cent to ILS2.9bn (€587m).
