25 Nov 2009 14:11

Dixy Group increases sales revenue by 14% in 10 mths to 44 bln rubles

MOSCOW. Nov 25 (Interfax) - The Dixy Group of Companies increased sales revenue by 14% to 44.055 billion rubles in January-October 2009, the company said in a press release.

In dollar, sales revenue dropped by 14.2% year-on-year to $1.369 billion.

Ruble-based revenue from retail operations of Dixy stores went up by 12% to 36.764 billion rubles but dropped in dollars by 15.5% to $1.1436 billion. Revenue from Megamart stores came to 5.005 billion rubles, an increase of 27%. In dollars, revenue dropped by 4.2% to $155.5 million. Sales revenue of Minimart stores in rubles went up by 16.4% to 1.638 billion rubles but declined in dollars by 12.2% to $50.9 million. Revenue for VMart outlets came to $68 million rubles ($2.1 million).

Revenue from other operations, including marketing revenues, subletting revenue and wholesale came to 549 million rubles ($17.1 million).

The press release also said that, as of October 31, 2009, the group's total number of stores came to 518 outlets, an increase of 18% from the same date of last year. The group's total retail floorspace increased by 17% to 201,400 meters.

Dixy sells groceries and other everyday products. Oleg Leonov founded the company under the Uniland brand in 1992. Igor Kesaev's Merkuri group purchased a controlling stake in Dixy Group from Leonov at the beginning of 2008.