Lenta’s IFRS net profit plummets by 58.7% to 1.3 bln rbl in Jan–Mar

MOSCOW, Apr 26 (PRIME) -- The net profit of Russian retailer Lenta plummeted by 58.7% on the year to 1.317 billion rubles in January–March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

Total sales contracted by 1.2% to 107.312 billion rubles, with retail revenue shrinking 1.5% to 105.881 billion rubles. Earnings before interest, taxes, depreciation, and amortization (EBITDA) went down 26.9% to 6.666 billion rubles.

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

http://www.lentainvestor.com/en/files/file/view/id/1844

(75.0893 rubles – U.S. $1)

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