date:Apr 27, 2013
But costs associated with buying the Victoria chain ate into earnings, which fell sharply in the fourth quarter, Dixy said on Friday.
Russia's food retail chains have expanded rapidly in recent years and are battling to lure shoppers who often have a choice of three or four supermarkets in the same street in bigger cities.
Dixy, which became Russia's third-largest home-grown grocer by revenues when it bought Victoria in 2011, said same-store sales grew 5 percent year-on-year between January an