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Mercator Records Profit in the First Half-Year

Ljubljana, 28 August - MERCATOR/HALF-YEAR
Ljubljana company Mercator recorded net profit amounting to SIT 673 million and SIT 766 million of net profit in consolidated profit and loss account in the first half-year, Mercator's management board chairman Zoran Jankovic told a news conference Friday. Jankovic also tackled last year's loss amounting to SIT 15.03 billion, which was mostly the result of inappropriate methodology of real estate assessment when drafting the opening balance. Besides, he presented reasons for the cancellation of the agreement with the European Bank for Reconstruction and Development (EBRD).

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