date:Oct 31, 2018
evenue growth in third quarter
Russias X5 Retail Group has reported revenue growth of 17.6% year-on-year in the third quarter of its financial year. Growth was driven by a 0.5% increase in like-for-like sales, and strong selling space expansion. The retailers gross profit margin rose to 24.6% in the third quarter 2018, despite a tough external environment, the retailer said. This performance has been attributed to a number of factors, including higher sales at its Perekrestok banner, and measure