Brief: Russia's O'Key Group posts H1 net profit of 632 mln rbls

O'Key SA

27/08/2019 11:14

Aug 27 (Reuters) - Russian food retailer O'Key Group SA
 OKEYq.L  says:
    * Net profit amounted to 632 million roubles ($9.58 million)
in H1
2019, compared to a net loss of 897 million roubles in H1 2018;
    * Group EBITDA grew by 3.9% year-on-year to 6.34 billion
roubles,
with an EBITDA margin rising to 7.9% from 7.8% a year earlier;  
    * H1 total revenue increased by 2.2% year-on-year to 79.9
billion
roubles;
    * Organic revenue, excluding the effect of the supermarket
business sale, increased by 3.4% year-on-year;
    * The company revised its organic hypermarkets' top line
growth
guidance slightly upward and now expects it to grow to a low
single digit for whole year;
    * Expects double-digit like-for-like sales growth for Da!
discounters and plans to open 20 discounters in 2019.

 Source text for Eikon:  urn:newsml:reuters.com:*:nEQPPJgsa
 Further company coverage:  OKEYq.L 
 ($1 = 65.9950 roubles)

 (Reporting by Moscow Newsroom)
 ((moscow.newsroom@thomsonreuters.com; +74957751242;))