Phone retailer Evroset Q3 net profit up 26.7 pct to 1.9 bln rbls

© RIA Novosti . Sergei Kompaniychenko / Go to the mediabankEvroset
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Evroset, Russia's largest mobile phone and small electronics retailer, posted a net profit to IFRS of 1.877 billion rubles ($61.54 million) in the third quarter of 2010, up 26.7 percent year-on-year, the company said on Tuesday.

Evroset, Russia's largest mobile phone and small electronics retailer, posted a net profit to IFRS of 1.877 billion rubles ($61.54 million) in the third quarter of 2010, up 26.7 percent year-on-year, the company said on Tuesday.

Evroset's revenue grew 10.4 percent to 16.908 billion rubles year-on-year, the company said in a statement.

The company's EBITDA rose 34 percent to 2.544 billion rubles, while EBITDA margin increased to 15.04 percent from 12.36 percent.

The company owns over 4,300 outlets in 1,373 cities in Russia, Ukraine, Kazakhstan and Belarus.

MOSCOW, November 16 (RIA Novosti) 

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