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Mercator Q3 profit climbs YOY

Poslovni sistem Mercator d.d. said its normalized net income for the third quarter came to €2.15 per share, an increase from 62 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €13.0 million, an increase from €2.3 million in the year-earlier period.

The normalized profit margin rose to 2.0% from 0.3% in the year-earlier period.

Total revenue declined year over year to €661.1 million from €688.7 million, and total operating expenses fell 6.5% year over year to €633.2 million from €676.9 million.

Reported net income rose on an annual basis to €15.7 million, or €2.60 per share, from €1.7 million, or 45 cents per share.