The large Russian food retailer Dixy has reconsidered and doubled the planned capital investment in 2011 from RUB 2.5bn to 5.5-6.3bn. RUB 1.5bn will be spent on new stores, RUB 1bn – on the opening of 3-4 Megamart hypermarkets in the Urals. Equipment and reparatory works for the new Dixy discounters will cost about RUB 1bn, the new trucks – RUB 500m.
Source: www.foodnewsweek.ru
The Dixy Group, one of Russia’s largest retailers, reported RUB 257.7m net profit in 2010, and seems to have recovered after the loss of RUB 111.9m in 2009. The retail sales in RUB terms grew by 19.4% to 64.799bn, in USD terms – by 24.7% to 2.134bn. The company’s income in 2010 reached USD 8.5m after the loss of USD 3.5m in 2009. The company reported EBITDA growth of 26.5% in RUB terms to 3.678bn and 32.2% in USD terms to 121m.
Source: www.retail.ru