Sedmoi Kontinent posts 1H 2008 Net Income fall of 19%

Russian grocery retailer, Sedmoi Kontinent, has posted a 1H 2008 Net Income of $42.3 million under IFRS.

The bottom line result is down 19% on the same period 2007 figure of $52.4 million.  Gross Profit came in $227.5 million, up 29% year on year, with EBITDA up 3% to $66.8 million, on the back of Sales Revenue of $791.4 million, up 33%.