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Russian retailer X5 posts Q2 earnings rise 7 percent

Zoom in font  Zoom out font Published: 2013-08-14  Origin: Reuters  Views: 8
Core Tip: Russian food retailer X5 Retail Group said on Tuesday its second-quarter net income rose 7 percent, year-on-year, to $74 million, beating market expectations.
Russian food retailer X5 Retail Group said on Tuesday its second-quarter net income rose 7 percent, year-on-year, to $74 million, beating market expectations.

The company also reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of $291.4 million - a fall as a percentage of revenue to 6.9 percent from 7 percent the year earlier.

Analysts, polled by Reuters, forecast net profit of $64 million and EBITDA of $286.5 million with a 6.8 percent margin.

 
 
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