M.Video stock up to early December levels after publication of 2011 results
MOSCOW. Jan 18 (Interfax) - M.Video stock exceeded 200 rubles per share on Wednesday and reached its early December levels on the news of 30% retail sales growth for the company in 2011.
M.Video shares grew 1.9% to 203.69 rubles per share on the MICEX-RTS stock exchange on Wednesday, reaching their highest since December 9.
M.Video, one of Russia's leading retailers of electronics and household appliances, boosted retail sales by 29.7% to 132 billion rubles (with VAT) last year. Like-for-like sales were up by 10%.