Croatian Agrokor sees revenue up 10 pct in 2010

SARAJEVO, Nov 12 (Reuters) - Croatian largest food retailer Agrokor sees its 2010 revenues up almost 10 percent, reaching almost 4 billion euros ($5.46 billion) after it focused on core businesses, Agrokor's top manager told Reuters on Friday. "Agrokor will end this year with consolidated net revenues of close to 4 billion euros," Ante Todoric, the vice-president for retail sector, said in an interview. Todoric said that 2010 profits will go up several percent from the last year as well. Last year's net profit amounted to some 32.4 million euros. Standard&Poor's rating agency earlier this week revised Agrokor's rating outlook to stable from negative citing improved debt maturity structure and a reduction of its share of short-term debt. It also affirmed its 'B' corporate credit rating. ($1=.7332 Euro) (Reporting by Daria Sito-Sucic; Editing by Igor Ilic and Hans Peters) Keywords: CROATIA AGROKOR/ (; +387 33 295 484; Reuters Messaging: COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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