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Russia: Dixy sales jump 61%

Russian grocery chain Dixy has revealed that its January-August consolidated revenues surged 61.6% year-on-year to 94.2bn roubles (US$3.01bn), boosted by its merger with smaller rival Victoria just over a year ago.

Sales were up 21.6% on a pro-forma basis, including Victoria's results from the beginning of 2011, Dixy said in a statement.

In August alone, consolidated sales were up 24.6% in rouble terms after a rise of 23.4% in July.

Source: kamcity.com

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