Rosinter's restaurants see revenue go up by 18.2% in Sept
MOSCOW. Oct 13 (Interfax) - OJSC Rosinter Restaurants Holding (RTS: RTS ROST) saw its sales revenue go up by 18.2% year-on-year to 768 million rubles in September 2010, the holding said in a statement.
The company's gross like-for-like sales revenue went up by 9.1%. The average bill went up by 3.2% while total transactions increased by 5.6%.
Rosinter's net sales revenue in January-September 2010 went up by 17.8% to 6.7 billion rubles.
LFL sales have gone up by 6.5% since the start of the year while total transactions also increased by 6.5%. However, the average bill remained at 2009's level.
"In September we see quite a strong trend towards increased turnover, which was supported by rising LFL sales of 9.1% and a substantial increase in transactions by 5.6%," the company's president, Sergei Beshev, was quoted as saying in the statement.
"With the start of the high season, promos and special offers have been introduced at all key brand outlets, which has helped bring in clients and maintain the average bill," he said.
Rosinter has opened 20 new restaurants since the start of 2010, 12 of which are franchises. The company's main task for the fourth quarter are completing the construction and opening of 12 corporate and 18 franchise restaurants, which should be opened at the end of this year or the start of 2011, Beshev said.
The group saw three franchising operations come into being in September while three corporate eateries, located in the same complex, were closed.
Rosinter Restaurants united 359 restaurants at the end of September, of which 107 were franchises. The holding's main brands are Il Patio, Planeta Sushi, 1-2-3 Cafe and T.G.I. Friday's. In addition, Rosinter is developing the Costa Coffee chain, which had 25 outlets at the end of September.
Rosinter's IFRS net losses for 2009 came to 8.4 million while sales revenue dropped by 21.8% to $263 million.