Rosinter Announced Its Trade Update for the First Quarter of 2008
OREANDA-NEWS. On 16 April 2008 was announced, that OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurants chain in Russia and CIS (RTS ticker: ROST), announces its trade update for the first quarter 2008. The release is published at www.rosinter.com
In the 1st quarter we opened 14 restaurants (net)1 for a total of 246 outlets by March 31, 2008 and achieved 31% and 21% Same Store Sales Growth in US\\$ and local currency respectively. Additionally, our Joint Venture with Whitbread PLC has opened the first Costa Coffee outlet in Moscow.
Ms. Lori Daytner, CEO, commented:
“We have kept our positive development dynamics and increased our geographical coverage. We opened two restaurants in Rostov-on-Don, our base city for further development in the South region of Russia, and we extended our presence in Kazakhstan to the cities of Astana and Atyrau. We are also delighted by the progress of our Joint Venture with Whitbread PLC which has delivered in a very short time the first Costa Coffee outlet in Russia on Pushkin square providing our guests with premium quality hand-made coffee, stylish and cozy setting and wide range of tasty food.”
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