17 Mar, 2014 @ 06:30
1 min read

Mercadona supermarkets in the money

mercadona absorbs vat increase

MERCADONA reported a record €515 million profit in 2013, netting €7 million more than in the previous year.

Almost €20 billion was taken at the supermarket chain’s tills, up 4% on 2012.

The news came as something of a surprise to the company, and follows forecasts of a 15% drop in profits for 2013 from 2012 figures.

The company’s president, Juan Roig, said the company’s infrastructure had remained stable.

The supermarket stalwart has 74,000 workers who combined received €257 million in target-related bonuses.

Earlier in the year the company announced it had reached an agreement with staff that it would pay a minimum €1,200 a month, which would rise to €1,400 after four years service.

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