OREANDA-NEWS. March 26, 2010. Dixy Group – one of the leading food retailers in the Russian Federation - has announced revenue growth of 12% in Russian rubles (25% in USD) for the first two months of 2010, over the same period last year.

Dixy Group’s total revenue for the first two months of 2010 amounted to RUR 9,637 million, representing a 12% increase over RUR 8,612 million for the first two months of 2009. In USD terms revenue increased by 25% to 321.8 million, compared to USD 256.8 million for the first two months of 2009.

Retail revenue from Dixy for the first two months of 2010 amounted to RUR 8,131 million (USD 271.5 million), which represents a 12.3% growth in RUR (25.8% in USD) over the same period of 2009 result.

Retail revenue from Megamart for the first two months of 2010 amounted to RUR 1,075 million (USD 35.9 million), which represents a 16.4% growth in RUR (30.4% in USD) over the same period of 2009 result.

Retail revenue from Minimart for the first two months of 2010 amounted to RUR 320 million (USD 10.7 million), which represents a 4.9% growth in RUR (17.5% in USD) over the same period of 2009 result.

Revenue from other activities, such as marketing revenue, sublease income and wholesale revenue amounted to RUR 112 million (USD 3.7 million).

The following exchange rates were used for converting Russian Rubles to US dollars:

Exchange Rate according to CBR

Average (2 months), RUR/USD

2009

33.5360

2010

29.9456