Russian grocer Seventh Continent has posted a 47% rise in net income for 2007 driven by store expansion and higher like-for-like sales.


Net income reached US$99.2m, while net sales rose by a third to $1.27m. Like-for-like sales were up 17.8%.


““We are very positive on the last year results and the company’s prospects. Once again the company has achieved the highest results on profitability and efficiency among the leading Russian food retail players,” said Seventh Continent’s general director Galina Ilyashenko.


“Enhancement of the hypermarket portfolio ensures our dynamic development as one of the leaders of this perspective format,” she added.


The retailer operates 133 stores including nine hypermarkets in Russia.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.