OREANDA-NEWS  On 16 September was announced, that JSC “The Seventh Continent” (further referred to as the Company) August 2008 trade sales increased 37% YoY. The growth in sales in the hypermarket format for August 2008 reached 70% and the growth in regional sales reached 62% YoY.

Based on management accounts the Company’s August 2008 gross retail sales[1] increased 37% and reached USD 147 mn.

As of the end of August 2008 the Company managed 138 stores, including 129 supermarkets and 9 hypermarkets.

As of the end of August 2008 the selling space of the Company’s stores under the brands “The Seventh Continent” (supermarkets), “Nash Hypermarket” (“Our Hypermarket”) and “Prostore” accounts for 169,1 th. sq. m. and increased 18% compared with the same period of 2007.

In August 2008 the Company opened 1 supermarket in the "Seventh Coninent – Next door” format in Moscow (the following address: Zelenogradskaya street, building 33/1).

From the beginning of the year 2008 the Company opened 11 new stores including 3 hypermarkets.  Selling space increased by 22,2 th. sq. m., including the 16,6 th. sq. m. in the hypermarket format.