OREANDA-NEWS. July 28, 2010. JSC “The Seventh Continent” (further referred to as the Company) announces 2009 audited financial results prepared in accordance with International Financial Reporting Standards (IFRS), reported the press-centre of The Seventh Continent.

The Company’s net sales increased from 39.9 billion rubles in 2008 to 44.6 billion rubles. Food and non-food sales accounted for 94.8% of total revenues, marketing rental and other revenues comprised 5.2% of total revenues.

For the year 2009 net income of the Company reached 1.2 billion rubles, EBITDA reached 4.1 billion rubles, with EBITDA margin of 9.2%.

Gross profit has reached 11.7 billion rubles. Gross profit margin totaled 26%. Selling, general and administrative expenses amounted 8.8 billion rubles and grew 3%.

The Company’s operating profit reached 3 billion rubles. Operating profit margin reached 7%.