One of the largest food retailers in Russia OAO Dixy reported earnings growth by 21.6% in the first 5 months in 2011 to Rub 31.2 bln. In the financial year 2010-2011 the company experiences significant rebound after the recession. As per IFRS the company’s earnings have been growing since 2005. After two years of profit growth in 2005-2007, the company suffered from losses during the financial crisis 2008-2009. To date the net profit index is back into the black, but hasn’t reached the pre-crisis level yet.
Source: www.retail.ru