ISRAEL: Blue Square’s Q3 profits plummet
Israeli supermarket retailer Blue Square has reported a near 50% dive in third-quarter net profit. The operator of Israel's second-largest supermarket chain posted net profit of 25.3m shekels (US$5.4m), compared to 43.7m shekels a year earlier. The fall in profit was attributed to the deepening recession, a decline in food prices and increased competition.
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