Rising sales at Russian retailer Seventh Continent has boosted its quarterly profits, the company said today (22 November).

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The supermarket operator posted a 15% increase in net income, which reached US$16.2m.


Revenue climbed 35% to $295.3m; on a like-for-like basis, sales rose 18%.


Seventh Continent operates 119 supermarkets and six hypermarkets in Russia.

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