Russia's third-largest food retailer Dixy Group said on Thursday that its first-quarter net profit rose 9 percent year on year to 386 million rubles ($12 million).
The earnings growth was held back by a 53-percent jump in finance costs due to increased debt level as well as higher depreciation expenses, the company said.
Its earnings before interest, taxation, depreciation and amortization increased 24 percent year on year to 2.6 billion rubles, giving a 6.2-percent margin, compared to 6.1 percent the year earlier.
(Reuters)
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.
Remind me later.
