Le Lézard
Classified in: Business

Obuv Rossii Group Announces Reviewed Financial Results for 2Q And 1H 2019

Obuv Rossii Group (MOEX: OBUV), the first publicly traded company in the Russian fashion retail, comprising 870 stores in 341 cities of Russia and two production facilities, announces its unaudited financial results in accordance with IFRS for 2Q and 1H ended 30 June 2019.



Anton Titov, CEO of Obuv Rossii Group, comments:

We continue expanding our retail chain, developing new lines and increasing our business volume. In 1H the revenues grew by 19.8% up to RUB 5.38 billion. We entered 92 new towns, having increased our retain chain by 36%. Issuing cash loans has made a significant contribution to the Company's growth. In 1H the revenues in this line increased by 28% to RUB 0.92 billion. We are successfully implementing the Pick-up Points project ? we cooperate with such companies as PickPoint, DPD, OZON online retailer, and others. Currently, online customers get in Obuv Rossii stores on average 1,000 parcels a day.

About OBUV ROSSII (http://obuvrus.com)

Obuv Rossii Group is a federal retail shoe chain, the first publicly traded company in the Russian fashion retail. Obuv Rossii was established in 2003, it is headquartered in Novosibirsk with a representative office in Moscow.

These press releases may also interest you

at 08:51
Europe's tech ecosystem is becoming a worthy rival to the US thanks to a recent boom in tech and start-up entrepreneurship. Investors such as NJF Capital are seizing the opportunity to work with these exciting new disruptors....

at 05:00
The Honourable Mary Ng, Minister of Small Business and Export Promotion, will be in Fredericton to announce investments in women entrepreneurs in Atlantic Canada. She will be joined by Matt DeCourcey, Parliamentary Secretary to the Minister of...

at 03:27
Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating: Presidio, Inc. (PSDO) ("Presidio") regarding its sale to BC...

at 02:00
As a solid control equipment manufacturer, GN Solids Control is committed to supplying the qualified equipment and parts to all clients. Shaker screen is one of the most consumable parts used on the drilling mud shale shaker. Thousands of the screens...

at 00:24
According to the 2019 Semi-annual Report issued by China Fortune Land Development (CFLD) on August 16, in the first half of 2019, CFLD achieved RMB 8.48 billion of net profits attributable to shareholders, a year-on-year increase of 22.4%; an...

16 aoû 2019
AVENUE Stores, LLC together and its affiliates ("AVENUE®", or "the Company"), the retailer of the AVENUE® brand of women's plus-size fashion apparel, footwear and accessories, today announced that the Company voluntarily filed for relief under...

News published on 16 august 2019 at 03:15 and distributed by: