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36.6 Back in the Black

Pharmacy chain 36.6 posted net profit of 59.6 million rubles ($2.13 million) in the first quarter, compared with losses of 162 million rubles a year previously, the company said Wednesday.

Net profit before minority interest was 205.9 million rubles, compared with losses of 122.6 million rubles.

Consolidated sales grew 16 percent year on year to 5.29 billion rubles. Retail sales increased 8.7 percent to 3.71 billion rubles. The average sales receipt (including VAT) in comparable pharmacies rose 22 percent to 299 rubles. Earnings before interest, taxes, depreciation and amortization more than doubled to 443.4 million rubles.

Five pharmacies were closed and six more opened during the first quarter, bringing the total to 990 as of April 1.


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