IFRS net profit of OJSC Rosinter Restaurants Holding for H1 2014 was RUB 57.386 million against a loss of RUB 44.243 million the year before, the company informed.
Revenue decreased by 4.6% to RUB 4.703 billion from RUB 4.929 billion, GP 1.45-fold to RUB 640.148 million from RUB 927.387 million. Pre-tax profit was RUB 163.373 million against RUB 82.221 million (+98.7%). EBITDA was RUB 359 million; EBITDA margin was 7.6% against 5.5% in H1 2013.
OJSC Rosinter Restaurants Holding is a leading casual dining restaurant operator in Russia and the CIS managing 383 public catering facilities in 42 cities of Russia, CIS countries and Central Europe including the Baltic states. The company's network numbers 355 casual dining restaurants including 130 restaurants under franchise agreements and 28 coffee houses Costa Coffee. Rosinter Restaurants Holding treats visitors to the Italian, Japanese and American cuisine in restaurants employing the company's proprietary brands IL Patio and Planeta Sushi, as well as the TGI. Fridays brand (under a franchise agreement). The company is also developing the Costa Coffee chain (coffee houses) under a franchise scheme.
IFRS net loss of OJSC Rosinter Restaurants Holding for 2013 grew almost twice to RUB 467.844 million from RUB 245.549 million the year before. Revenue fell by 2.2% to RUB 9.851 billion from RUB 10.069 billion, GP by 14.9% to RUB 1.695 billion from RUB 1.991 billion.
According to the DataCapital information retrieval system, RAS net profit of OJSC Rosinter Restaurants Holding for H1 2014 grew 1.93-fold to RUB 30.868 million from RUB 15.973 million the year before. Revenue decreased 1.95-fold to RUB 18.673 million from RUB 36.5 million, GP 2.98 times to RUB 8.075 million from RUB 24.075 million. Pre-tax profit increased 3.32-fold to RUB 50.061 million from RUB 15.056 million.