OREANDA-NEWS. January 19, 2012. 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 December 2011 and full year 2011. The release is published at www.rosinter.com, reported the press-centre of Rosinter.

 Hugh Carroll, acting President and CEO, commented:
“In 2011 Rosinter posted consolidated net operating revenue of 9,879 million rubles, which is 7.4% higher than in 2010. This was supported by 1.6% sales growth in comparable stores despite some decline in traffic that we experienced in the second half of the year. Our price revisions translated into average check growth by 4.8% that supported our operating margins and allowed to improve financial performance in the third quarter of 2011.

During the year we have opened 17 new corporate and 25 new franchise outlets. In December we added new city to our network – Sevastopol, Ukraine – and now our restaurants are present in 44 cities in 10 countries. At the same time we optimized our portfolio by closing a number of non-profitable outlets. Accounting for closures, our restaurant count grew from 362 to 382 outlets by the end of 2011.

Going forward in 2012 our efforts will focus on revitalizing our core brands IL Patio and Planet Sushi, delivering high quality guest experiences and improving our financial performance. We will also maintain our policy of having a very selective approach to corporate sites in order to ensure high quality of new restaurants.”