icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Dixy posts 1Q 2011 net profit of 164 million roubles

Dixy posts 1Q 2011 net profit of 164 million roubles
Russian retailer, Dixy, has posted a 1Q 2011 net profit of 164 million roubles under IFRS.

The net result is up 26.9% year on year, with 1Q EBITDA rising 28% year on year to 1.005 billion roubles, as 1Q revenues climbed 20.8% year on year to 18.106 billion roubles.

The company noted Like for Like sales were up 7.6% year on year, with the group adding a further 26 new stores to the chain, with sales per square metre also up 7.8% year on year. It noted that this had helped offset rising salary, leasing and utilities expenses, with reduced transportation and shrinkage costs also buttressing the bottom line.