O’Key Group IFRS net loss soars to 2.85 bln rbl in Jan–Jun

MOSCOW, Sep 1 (PRIME) -- The net loss of Russian food retailer O’Key Group widened to 2.849 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement late on Thursday.

Revenue grew by 1.7% to 98.686 billion rubles. The operating profit declined by 66.3% to 711.582 million rubles, the gross profit increased by 0.93% to 21.740 billion rubles.

Long-term loans and borrowings added 36.2% over the reported period to 45.156 billion rubles. Assets decreased 1.9% to 94.714 billion rubles.

(96.3344 rubles – U.S. $1)

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