X5 Retail says IFRS net profit jumps 45% to 28.3 bln rbl in 2020

MOSCOW, Mar 19 (PRIME) -- The net profit of Russia’s largest retailer by revenue X5 Retail Group jumped by 45.3% on the year to 28.344 billion rubles in 2020, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

Revenue went up 14.1% on the year to 1.978 trillion rubles in 2020, and earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 15.2% to 243.622 billion rubles.

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

https://www.x5.ru/en/Pages/Media/News/190321.aspx

(73.6582 rubles – U.S. $1)

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