Seventh Continent 1H 2010 Trade Sales Increased 15% YoY
OREANDA-NEWS. July 19, 2010. JSC “The Seventh Continent” (further referred to as the Company) 1H 2010 trade sales in USD terms increased 15% YoY, reported the press-centre of The Seventh Continent.
The growth in sales in USD terms in the hypermarket format for 1H 2010 reached 27%. The growth in regional sales in USD terms for 1H 2010 reached 25% YoY.
Based on management accounts the Company’s 1H 2010 gross retail sales reached 24 791 mn. rubles or USD 825 mn.
The number of customers for the 1H 2010 reached 6%.
1H 2010 Like-For-Like sales (LFL) in USD terms increased 11.7%, driven by traffic growth of 4.2% and average ticket growth of 7.2%.
As of 30 June 2010, in accordance with management accounts, the Company's consolidated debt accounts for 7.8 bln. rubles.
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