Mercator's Net Profit Down 21.6% in 2011

Ljubljana, 19 January - The group around Slovenia's No 1 retailer Mercator made a EUR 23.8m net profit in 2011, down 21.6% year-on-year, while its sales revenues increased by 5.4% to EUR 2.93bn. The group's net profit is expected to decrease by further 34% this year, the company said on Thursday.