Lenta IFRS net profit plummets 79.9% in July–September

MOSCOW, Oct 23 (PRIME) -- The net profit of Russian grocery retailer Lenta slid by 79.9% on the year to 258 million rubles in July–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

Revenue grew by 7.3% on the year to 135.988 billion rubles in the period. Earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 6.7% to 7.043 billion rubles.

In January–September, the company posted a net loss of 2.146 billion rubles after a net profit of 4.643 billion rubles in the same period of 2022.

For further details, see the company’s statement on its official website:

https://corp.lenta.com/en/media/news-and-press-releases/lenta-reports-total-sales-growth-of-73-lfl-sales-growth-of-80-and-online-sales-growth-of-449-in-q3-2023

(95.9053 rubles – U.S. $1)

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