X5 says Jul–Sep IFRS net profit slumps by 72% on Karusel changes

MOSCOW, Oct 22 (PRIME) -- The net profit of Russia’s X5 Retail Group, the owner of Pyaterochka, Perekrestok and Karusel chains, fell by about 72% on the year to 2.238 billion rubles in July–September due to depreciation of non-current assets at Karusel, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Tuesday.

Revenue increased 12.4% to 421.955 billion rubles.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 3.5% to 28.645 billion rubles.

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

https://www.x5.ru/en/PublishingImages/Pages/Media/News/X5_Q3_2019_Financial_Results_ENG.PDF

(63.7606 rubles – U.S. $1)

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