M.Video sees an increase of net profit
At the end of the first half of 2012 OJSC M.Video’s net profit amounted to 1.208 billion roubles under IFRS, which is 1.6 times higher than in the first half of 2011 (766 million roubles).
Revenue growth for the six months of 2012 was 26 percent, amounting to 58.593 billion roubles against 46.502 billion a year earlier. The gross profit of M.Video in the first half of 2012 increased by 24 percent, up to 14.434 billion roubles, compared with 11.627 billion roubles in the first half of 2011.