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Russian retailer Dixy August sales rise 24.1 percent

Zoom in font  Zoom out font Published: 2013-09-13  Origin: Reuters  Views: 12
Core Tip: Russia's third-largest food retailer Dixy Group posted on Thursday a 24.1 percent year-on-year increase in August sales after a 21.1 percent increase in the previous month.
Russia's third-largest food retailer Dixy Group posted on Thursday a 24.1 percent year-on-year increase in August sales after a 21.1 percent increase in the previous month.

The company said its revenue totalled 14.7 billion roubles ($447.4 million) last month, bringing the eight-month result to about 116 billion roubles, an increase of 23.2 percent.

Dixy said earlier it aims at growing revenue by 25 percent this year, compared to 21 percent on a pro-forma basis in 2012.

The company, the third-biggest domestic grocery chain by sales behind Magnit and X5 Retail Group, had a total of 1,651 stores as of Aug. 31, up from 1,317 a year ago.
 
 
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