Supermarket chain Shupersal reports 18% drop in 2011 profit

By JPOST.COM STAFF
March 5, 2012 09:49

 
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Supermarket chain Shupersal reported an 18 percent drop in profits in 2011 on Monday.

The chain controlled by businessman Nochi Dankner reported profits of NIS 276 million in 2011, a considerable drop from the profits of NIS 335 million in 2010.

The drop in profits came despite NIS 11.6 billion in sales in 2011, a four percent rise over the previous year.


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