OREANDA-NEWS. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurant chain in Russia and CIS (Moscow Exchange MICEX-RTS ticker: ROST), announces its trade update for 6M 2014.

The gross revenue of all comparable stores [1] decreased by (7.6)% in 6M 2014 in comparison with 6M 2013; at the same time gross revenue of all comparable stores in transport hubs and canteens increased by 6.1%.

In 6M 2014 consolidated total net operating revenue [2] decreased by (8.9)% to RUB 4 521 mln in comparison with 6M 2013; net operating revenue in transport hubs and canteens increased by 13.8% to RUB 1 096 mln in comparison with 6M 2013.

Our network includes 369 outlets as of June 30, 2014: 336 casual dining restaurants, 32 Costa Coffee coffee shops and 1 McDonald's. In transport hubs we have 54 outlets including 15 Costa Coffee coffee shops.

Sergey Zaytsev, President and Chief Executive Officer, commented:

"Economic slowdown and instable political situation in 1H 2014 affected consumer spending in restaurant segment which had a negative impact on operational results of that period. The company continued portfolio optimization exiting of non-core and non-profitable assets which caused decrease in revenues as well.

Rosinter continues focusing on business in transport hubs particularly in Moscow railway stations where we do see positive trend as result of considerable investment in 2H 2013. Given the growing potential for development of this business in the future we start disclosing our transport hubs operational results since this 1H 2014 trade update.

By the end of June 2014 Rosinter operated 17 stores in Belorussky, Paveletsky, Kursky, Kazansky and Leningradsky railway stations and 37 restaurants and cafes in the territories of airports including 1 McDonald's in the new terminal of Pulkovo airport, Saint Petersburg."