date:Apr 27, 2013
o 271 million roubles, and the firm's share price fell 3.2 percent, lagging the broader market.
Analysts have said Dixy's bottom line might have hit a trough in the fourth quarter and expect to see tentative improvements in earnings as early as the first quarter.
We anticipate the company turning the corner in 2H13, with its sales strengthening, (and profit) margins improving, brokerage Otkritie said in a note.
The margin, pressured by a higher proportion of recently opened stores as well as