Dixy Group Announces 21.6% Revenue Growth in Russian Rubles

OREANDA-NEWS. June 27, 2011. DIXY Group - one of Russia's leading retailers of foods and everyday products - has announced revenue growth of 21.6% in Russian rubles (26.2% in USD) for the first five months of 2011 over the same period last year.

DIXY Group's total revenue for the first five months of 2011 amounted to RUR 31,239 million, representing a 21.6% increase over RUR 25,691 million for the same period of 2010. In USD terms revenue increased by 26.2% to 1,087 million, compared to USD 861 million for the five months of 2010.

Retail revenue from DIXY stores for the first five months of 2011 amounted to RUR 26,667 million (USD 927 million), which represents a 22.9% growth in RUR (27.6% in USD) over the same period of 2010.

Retail revenue from MEGAMART stores for the first five months of 2011 amounted to RUR 3,156 million (USD 110 million), which represents a 10.2% growth in RUR (14.4% in USD) over the same period of 2010.

Retail revenue from MINIMART stores for the first five months of 2011 amounted to RUR 959 million (USD 33 million), which represents a 9.7% growth in RUR (13.9% in USD) over the same period of 2010.

Revenue from other activities, such as marketing revenue, sublease income and wholesale revenue amounted to RUR 457 million (USD 16 million).

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

Key operating and financial data for the five months period ended May 31, 2011