Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Subscribe I am already a subscriber

Russia's X5 Retail Group posts 71 pct rise in Q2 net income

Russian supermarket operator X5 Retail Group NV said on Thursday its second-quarter net profit rose 71 percent, year-on-year, to around 4 billion roubles ($111 million).

Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased 24 percent to 11.4 billion roubles with an EBITDA margin at 7.3 percent compared with 6.9 percent a year ago, the company said in a statement.

(1 US dollar = 36.0290 Russian rouble)

source: reuters.com