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Russian retailer X5's sales grow 13.9 pct in Q1
April 11, 2014 / 6:10 AM / in 4 years

Russian retailer X5's sales grow 13.9 pct in Q1

MOSCOW, April 11 (Reuters) - Russia’s second-biggest food retailer X5 Retail Group reported on Friday a pick up in its sales growth in the first quarter.

Net retail sales grew 13.9 percent in January-March, year-on-year, to 143.9 billion roubles ($4 billion), after an 11.9 percent rise in the previous quarter. Like-for-like sales were up 6.3 percent, year-on-year, after a rise of 3.9 percent in the final quarter of 2013. ($1 = 35.5008 Russian roubles) (Reporting by Maria Kiselyova, editing by Elizabeth Piper)

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