Russia's Rosinter swings to Jan-Jun IFRS net profit

MOSCOW, Aug 28 (PRIME) -- Russia’s top restaurant operator Rosinter Restaurants Holding (Rosinter) posted a net profit of 57.4 million rubles in January-June against a 44.2 million ruble net loss a year ago, as calculated under International Financial Reporting Standards (IFRS), the company said in a report Thursday.

Consolidated revenue fell 4.6% on the year to 4.702 billion rubles, while gross profit rose 31% to 640 million rubles.

Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 33.5% on the year to 359 million rubles in the period.

For further details, please, see the company’s report on its official Web site:

http://www.rosinter.com/upload/contents/501//Financial%20Results%20Press%20Release%206M%202014%20ENG.pdf

(36.1397 rubles – U.S. $1)

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