Israeli retailer Super-Sol's Q4 net sinks 42 pct
JERUSALEM, Feb 9 (Reuters) - Israeli retailer Super-Sol (SAE.TA) on Monday reported a 42 percent drop in fourth quarter net profit, missing market forecasts as financing costs weighs.
Super-Sol, Israel's largest supermarket chain, posted net profit of 50 million shekels ($12 million), down from 86 million a year earlier.
Sales at Super-Sol, which has a more than 36 percent market share, rose to 2.7 billion shekels from 2.58 billion. Same-store sales increased 5.0 percent.
Super-Sol was forecast to post net profit of 72 million shekels on sales of 2.74 billion shekels, an average of five analysts in a Reuters poll found.
Super-Sol's chief rival, Blue Square (BSI.N) (BSI.TA), is expected to report results next month.
($1 = 4.04 shekels)
(Reporting by Steven Scheer; editing by John Stonestreet)
