Bloomberg News

Russia’s X5 Retail Climbs Most in Two Months After Sales Jump

April 09, 2009

X5 Retail Group NV (FIVE), Russia’s biggest supermarket chain, climbed the most in two months in London after saying retail sales rose 46 percent in the first quarter.

Sales, including those at the Carousel hypermarket business acquired in June, increased to 63.1 billion rubles ($1.9 billion), the Moscow-based company said today in a statement. Sales at stores open at least a year climbed 13 percent in ruble terms compared with a year earlier.

X5 jumped 14 percent to $12.50 in London trading at 4 p.m., heading for its biggest gain since Feb. 6.

To contact the reporter on this story: William Mauldin in Moscow at wmauldin1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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