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 swings to profit 1H 2008

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.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.