×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Lenta Profit Up 32% in 2011

Retailer Lenta's net profit jumped 31.7 percent to 3.82 billion rubles in 2011, Interfax reported Tuesday.

Lenta posted revenue of 98.38 billion rubles ($3.01 billion), up 29.05 percent on the year, under Russian Accounting Standards.

Sales costs increased 27.6 percent to 82.23 billion rubles, while gross profit climbed 37 percent to 16.15 billion rubles, and commercial expenses rose to 15.11 billion rubles from 11.77 billion rubles. Lenta manages the chain of Lenta hypermarkets. It has reported on its website that there are 46 Lenta stores, of which 15 are in St. Petersburg and five in Novosibirsk.

(MT)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysiss and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more