RUSSIA: X5 posts FY losses on Q4 write down

By: just-food.com | 14 April 2009

Russia's largest retailer by sales, X5 Retail Group, has posted a net loss of US$2.15bn after the group registered a goodwill impairment charge in the fourth-quarter.

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Russia's largest retailer by sales, X5 Retail Group, has posted a net loss of US$2.15bn after the group registered a goodwill impairment charge in the fourth-quarter.