The large Russian food retailer Okey reported that its net annual profit in 2010 increased to RUB 3bn. The profitability reached 3.6%, EBITDA grew to RUB 7.1bn from RUB 5.8bn in 2009. The company’s gross profit went up by 22% to RUB 18bn. 2010 the revenues reached RUB 82.7bn, the like-for-like sales in RUB terms grew by 7%. The company is planning to invest the revenues in further expansion. New stores are waiting to be opened in Moscow, Yekaterinburg, Tyumen, Omsk, Novosibirsk, Voronezh and Nizhniy Novgorod.
Source: www.foodnewsweek.ru