Russian food retailer O'Key said on Friday its first-half net profit rose 10 percent, year-on-year, helped by new stores and better purchasing terms.
Net profit came in at 1.6 billion roubles ($48.2 million) on revenue of 65 billion roubles, up 20 percent in rouble terms, O'Key said in a statement.
It said earnings growth was held back by higher costs related to expansion of its chain of hypermarkets and supermarkets and foreign exchange losses.
Net profit came in at 1.6 billion roubles ($48.2 million) on revenue of 65 billion roubles, up 20 percent in rouble terms, O'Key said in a statement.
It said earnings growth was held back by higher costs related to expansion of its chain of hypermarkets and supermarkets and foreign exchange losses.
