date:Aug 14, 2013
Russian food retailer X5 Retail Group said on Tuesday its second-quarter net income rose 7 percent, year-on-year, to $74 million, beating market expectations.
The company also reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of $291.4 million - a fall as a percentage of revenue to 6.9 percent from 7 percent the year earlier.
Analysts, polled by Reuters, forecast net profit of $64 million and EBITDA of $286.5 million with a 6.8 percent margin.