date:Mar 27, 2014
Russian food retailer O'Key on Wednesday reported a 6.4 percent increase in 2013 net profit helped by growth in sales.
Net profit rose to 5 billion roubles ($140 million) from 4.7 billion in the previous year, on the back of a 17 percent increase in earnings before interest, taxation, depreciation and amortisation to 11 billion roubles.
Sales grew by 19 percent to 139.5 billion roubles.
The company, which has struggled to meet its expansion targets, recently replaced its chief executive offic