Dixy swings to profit 1H 2008
Russian retail grocery chain, Dixy, has unveiled a Net profit of $10.9 million for 1H 2008 under IFRS.
The result marks a turnaround for the grocer from the $5.1 million loss in the same period 2007.
EBITDA was up 89% to more than $49 million, on sales of more than $921 million, up 37%.
The company attributes its turnaround to continued expansion. Dixy operates 413 stores across 3 Russian regions, and raised $360 million in its May 2007 IPO.
You can share this story on social media:
Follow RT on
Dear readers! Thank you for your vibrant engagement with our content and for sharing your points of view. Please note that we have switched to a new commenting system. To leave comments, you will need to register. We are working on some adjustments so if you have questions or suggestions feel free to send them to feedback@rttv.ru. Please check our commenting policy
