M.Video, a Russian electronics retailer, said net income in the first half increased 58 percent from the same period last year to 1.2 billion rubles ($32 million).

Sales advanced 26 percent to 69 billion rubles, the company said in a statement today.

To contact the reporter on this story: Brad Cook in Moscow at bcook7@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net