Blue Square, one of Israel’s largest supermarket chains, saw its second quarter revenues fall 1.8% to $293.2m, largely because of the timing of the Jewish Passover.

Like-for-like sales fell 7.3%, but the company said this could be attributed to the fact that holiday shopping fell mostly in the first quarter for 2004 but entirely in the second quarter for 2003.

For the first half of the year, revenues increased by 2.7% to $579m and net profit for the first half was $7.5m, compared with a net loss of about $2m the previous year.