O'KEY's net loss for the first half of the year amounted to RUB 3 billion

AK&M 18 September 2023 11:50

O'KEY's net loss for the first half of 2023 amounted to RUB 3 billion. compared with a net profit of 0.6 billion rubles a year earlier. This indicator is mainly due to the recognition of a non-monetary loss from exchange differences and an increase in financial expenses, the company said in a statement.

Total revenue increased by 1.7% to 99.5 billion rubles. due to the growth of retail revenue and rental income.

Gross profit increased by 1.6% to RUB 22.7 billion. EBITDA decreased by 5.4% to RUB 7.1 billion.

GC "OK" opened its first hypermarket in 2002 in St. Petersburg. In 2015, the Group launched a network of discounters "YES!". As of June 30, 2023, GC operated 282 stores in Russia (77 hypermarkets under the brand "OK" and 205 discounters "YES!").

The joint—stock structure of OK Group of Companies: NISEMAX Co Ltd — 49.11%, GSU Ltd — 34.14%, other shareholders and shares in free circulation - 16.75%.

In 2022, the Group's revenue reached 202.2 billion rubles, EBITDA — 17 billion rubles.