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Russian food retailer O'Key Q4 net profit up 44 pct

Zoom in font  Zoom out font Published: 2013-04-27  Origin: Reuters  Views: 16
Core Tip: Russia's fourth-largest food retailer O'Key reported on Friday a 44.4 percent rise in fourth-quarter net profit to 4.7 billion roubles ($151.01 million).
Russia's fourth-largest food retailer O'Key reported on Friday a 44.4 percent rise in fourth-quarter net profit to 4.7 billion roubles ($151.01 million).

Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 25.5 percent to 9.4 billion roubles, with an 8.0 percent EBITDA margin versus 8.1 percent a year ago.

The results were helped by a 26 percent increase in revenues, better purchasing terms and foreign exchange gains, the company said in a statement.

 
 
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