• Net profit up 9.5%
  • Operating profit grows 11%
  • Net sales climb 19.6%
The retailer opened three stores in the period and now operates 85

The retailer opened three stores in the period and now operates 85

Russian retailer O'Key has booked an increase in first-half earnings, boosted by increased store numbers.

In the six months to the end of June, net profit reached RUB1.61bn (US$48.4m), a 9.5% increase on the prior year period, the retailer reported today (30 August). Operating profit climbed 11% RUB3.02bn.

Sales amounted to RUB64.17bn, a 19.6% improvement on last year. The retailer opened three stores in the period and now operates 85.

Click here to view the full earnings release.