Support The Moscow Times!

Dixy Profit Up 9%

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)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more