OREANDA-NEWS  On 08 December OJSC Pharmacy Chain 36.6 [RTS:APTK; MICEX:RU14APTK1007] the leading Russian pharmaceutical retailer announced unaudited financial results prepared in accordance with the International Financial Reporting Standards (IFRS) for 9 months of 2008.

Group highlights:

Y-o-Y in 9M 2008 Group’s consolidated sales increased by 38% and reached USD  813.2 million.

Consolidated Gross profit increased by 40% to reach USD  273.4 million, 33,6% of consolidated revenues;

Consolidated EBITDA of the Group reached USD  20.3 million;

Consolidated Net loss decreased to -USD  4.5 million, an 89% improvement y-o-y;

Company sold approximately 43% of its Closed End Real Estate fund generating USD 37.4 million in net cash proceeds;

The retail unit closed 125 stores in the first 9M of 2008 and opened 67 organically.

Detailed information are available here.