Russia's M.video 2013 net profit rises 38 pct

MOSCOW, March 27 Thu Mar 27, 2014 3:18am EDT

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MOSCOW, March 27 (Reuters) - Russian home electronics retailer M.video said on Thursday its 2013 net profit rose 38 percent to 5.7 billion roubles ($160.56 million) on increased sales.

M.video said its sales rose by around 11 percent to 175 billion roubles, driven by the opening of 40 new stores and expansion of online sales. ($1 = 35.5012 Russian Roubles) (Reporting by Maria Kiselyova; Editing by Elizabeth Piper)

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