PJSC Dixy Group said its normalized net income for the first quarter was 95.9 million rubles, compared with income of 556.8 million rubles in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to negative 0.2% from 1.1% in the year-earlier period.
Total revenue grew 27.6% year over year to 63.63 billion rubles from 49.85 billion rubles, and total operating expenses increased 30.3% from the prior-year period to 62.55 billion rubles from 47.98 billion rubles.
Reported net income came to a loss of 140.1 million rubles, compared with income of 667.3 million rubles in the prior-year period.
As of June 5, US$1 was equivalent to 56.62 Russian rubles.
