O’Key Group switches to 3 bln rbl IFRS net loss in Jan–Jun

MOSCOW, Sep 18 (PRIME) -- Russian food retailer O’Key Group posted a net loss of 2.977 billion rubles in January–June after a 576 million ruble net profit in the same period of 2022, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

Revenue grew by 1.7% to 99.478 billion rubles. Earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 5.4% to 7.102 million rubles, with the EBITDA margin increasing to 8.4% from 8.3%.

Total debt of O’Key rose by 9.1% in the period to 48.442 billion rubles as of June 30, while net debt gained 16.7% to 42.521 billion rubles.

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

https://okeygroup.lu/upload/iblock/2de/nrnncgxppcsbqjd6eqdm7pxkrub7gv32/OKGSA_IFRS_H1_2023_final.pdf

(96.6338 rubles – U.S. $1)

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