TEL AVIV, Nov 25 (Reuters) -
* Shufersal, Israel’s largest supermarket chain, said on Sunday net profit rose slightly in the third quarter on record revenue as it integrated a newly purchased drugstore chain.
* The company posted net profit of 64 million shekels ($17 million) versus 63 million a year earlier. Revenue increased 9.4 percent to a record 3.3 billion shekels as same store sales rose 3.6 percent.
* Shufersal last year agreed to buy New-Pharm Drugstores, which operates dozens of branches in Israel, for 130 million shekels.
* Expenses rose to 763 million shekels from 664 million due to the integration of New-Pharm and to costs associated with the launching of a new credit card as well as a rise in salary expenses.
* Holding firm Discount Investment Corp in June reduced its stake in Shufersal and no longer controls the company.
* ($1 = 3.7337 shekels) (Reporting by Tova Cohen)