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Lenta profit misses consensus by 23.3% in H2

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Lenta profit misses consensus by 23.3% in H2

Lenta Ltd. said its second-half normalized net income was 12.18 Russian rubles per share, compared with the S&P Capital IQ consensus estimate of 15.88 rubles per share.

EPS climbed 17.4% year over year from 10.38 rubles.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.77 billion rubles, a gain of 29.2% from 4.47 billion rubles in the year-earlier period.

Total revenue grew 27.5% on an annual basis to 137.87 billion rubles from 108.09 billion rubles, and total operating expenses increased 28.0% year over year to 124.40 billion rubles from 97.16 billion rubles.

Reported net income grew 14.5% from the prior-year period to 7.32 billion rubles, or 15.46 rubles per share, from 6.40 billion rubles, or 14.87 rubles per share.

For the year, the company's normalized net income totaled 17.60 rubles per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 22.77 rubles.

EPS rose 12.3% from 15.67 rubles in the prior year.

Normalized net income was 8.12 billion rubles, a rise of 20.4% from 6.74 billion rubles in the prior year.

Full-year total revenue rose 30.3% year over year to 252.76 billion rubles from 193.99 billion rubles, and total operating expenses rose 30.5% on an annual basis to 230.31 billion rubles from 176.47 billion rubles.

The company said reported net income increased 13.4% on an annual basis to 10.29 billion rubles, or 22.30 rubles per share, in the full year, from 9.08 billion rubles, or 21.09 rubles per share.

As of Feb. 18, US$1 was equivalent to 75.81 Russian rubles.