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Mercator Q3 profit falls YOY

4276201 said its third-quarter normalized net income came to 23 euro cents per share, a decrease of 89.2% from €2.15 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.4 million, a decline of 89.2% from €13.0 million in the year-earlier period.

The normalized profit margin fell to negative 0.6% from 2.0% in the year-earlier period.

otal revenue fell on an annual basis to €639.3 million from €661.1 million, and total operating expenses came to €630.1 million, compared wit Poslovni sistem Mercator d.d..