OREANDA-NEWS. July 14, 2011. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurant chain in Russia and CIS (RTS and MICEX ticker: ROST), announces its trade update for June 2011 and first half of 2011. The release is published at www.rosinter.com, reported the press-centre of Rosinter.

1H 2011 Highlights
In 1H 2011 consolidated net operating revenue increased by 9.1% in ruble terms driven by recovery in same-store sales and growing contribution of recently opened restaurants

Gross revenue of comparable stores (SSSG) grew in 1H 2011 by 4.3% driven by 1.3% traffic increase and 2.9% average check growth

Restaurant network expanded to 378 outlets from 362 outlets as of end-2010 with growing component of franchise operations

June 2011 Highlights
In June 2011 consolidated net operating revenue increased by 7.9% in ruble terms as compared to the same period of previous year

Gross revenue of comparable stores (SSSG) grew in June 2011 by 0.9% supported by 4.9% average check increase

Restaurant network expanded by 4 outlets

Sergey Beshev, President and CEO, commented:
“During first half of 2011 our consolidated revenue increased by 9.1% which was supported by 4.3% sales growth in comparable stores. Our price revision policy translated into average check growth that supported our operating margins and allowed to improve financial performance in the second quarter. In June our average check in comparable stores increased by 4.9% and going forward we see average check dynamics to be the key driver of same-store sales growth in 2011.

During first half of the year we opened 11 new corporate and 14 new franchise outlets. In June we added 4 new restaurants to our network, of which 2 were opened in new city – Irkutsk. This expanded our geographical coverage to 43 cities in 10 countries. New openings schedule for the second half of 2011 is more intense, but now we already have full pipeline on advanced stages of development.

Going forward we will focus on enforcing our marketing campaigns, rebalancing cost structure and improving financial performance in the second half of 2011.”