Fix Price IFRS net profit quadruples to 19.6 bln rbl in Jan–Jun

MOSCOW, Sep 7 (PRIME) -- The net profit of Russian discounter retailer Fix Price almost quadrupled on the year to 19.6 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.

Revenue grew by 3% to 135.677 billion rubles, with retail sales rising by 2.9% to 120.086 billion rubles and wholesale revenue growing by 3.3% to 15.591 billion rubles.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 9.3% to 23.562 billion rubles, and the EBITDA margin amounted to 17.4%.

(97.8439 rubles – U.S. $1)

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