OREANDA-NEWS. On 08 May 2009 OJSC Pharmacy Chain 36.6 [RTS:APTK; MICEX:RU14APTK1007] the leading Russian pharmaceutical retailer announced audited 2008 financial results prepared in accordance with the International Financial Reporting Standards (IFRS). The comparison with 2007 financial results includes the effect of 2007 restated financial accounts.

Group highlights of full year 2008:

Group revenue increased by 20.7% to USD 1 051.2 mln;

Gross profit increased by 37.2% to USD 362.8 mln, 34.5 % of consolidated revenues;

EBITDA reached USD 33.2 mln from –USD 30.8 in the previous year;

Net loss decreased by 53.5 % from -USD 121.3 in 2007 to -USD 56.4 mln in 2008;

Underlying Net loss (excluding goodwill impairment charge, gains on sale of investments, disposal of discontinued operations and foreign exchange effect) decreased from USD 115.6 mln in 2007 to USD 66.6 mln in 2008, a 42.4% improvement y-o-y;

The retail unit opened organically 86 and closed 183 stores in 2008.