X5 Retail Group’s IFRS net profit jumps by 86% in Jul–Sep

MOSCOW, Oct 25 (PRIME) -- The net profit of Russia’s X5 Retail Group that unites the Pyaterochka, Perekrestok, and Chizhik retail chains jumped by 85.9% on the year to 25.737 billion rubles in July–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Wednesday.

Revenue gained 22.9% to 796.236 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 22.1% to 94.04 billion rubles.

In January–September, X5 Retail Group’s net profit expanded by 43.2% to 61.74 billion rubles. Revenue grew by 19.2% to 2.265 trillion rubles, and EBITDA by 8.4% to 256.677 billion rubles.

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

https://www.x5.ru/wp-content/uploads/2023/10/x5_q3_2023_financial_results_eng.pdf

(93.5224 rubles – U.S. $1)

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