Spanish supermarket chain Mercadona posted a 5% drop in profit for fiscal 2008, the company reported yesterday (5 March).

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Net profit for the period was EUR320m (US$405m), representing 2.2% of turnover. The company blamed losses caused by a transport strike last June, which amounted to EUR15m.


Mercadona said it plans to make a further investment of around EUR600m in the opening of 71 new stores this year and the construction of Villadangos del Páramo.


The company plans to create 500 permanent jobs and reduce prices by 17%, it said in a trading statement.

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