Dixy Group Announces A 21.2% Revenue Growth in Russian Rubles

OREANDA-NEWS. May 26, 2011. DIXY Group - one of Russia's leading retailers of foods and everyday products - has announced revenue growth of 21.2% in Russian rubles (25.0% in USD) for the first four months of 2011 over the same period last year.

DIXY Group's total revenue for the first four months of 2011 amounted to RUR 24,515 million, representing a 21.2% increase over RUR 20,229 million for the same period of 2010. In USD terms revenue increased by 25.0% to 846 million, compared to USD 677 million for the four months of 2010.

Retail revenue from DIXY stores for the first four months of 2011 amounted to RUR 20,951 million (USD 723 million), which represents a 22.5% growth in RUR (26.4% in USD) over the same period of 2010.

Retail revenue from MEGAMART stores for the first four months of 2011 amounted to RUR 2,481 million (USD 86 million), which represents a 10.3% growth in RUR (13.7% in USD) over the same period of 2010.

Retail revenue from MINIMART stores for the first four months of 2011 amounted to RUR 745 million (USD 26 million), which represents a 9.8% growth in RUR (13.2% in USD) over the same period of 2010.

Revenue from other activities, such as marketing revenue, sublease income and wholesale revenue amounted to RUR 337 million (USD 12 million).

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

Key operating and financial data for the four months period ended April 30, 2011