The Russian retailer has reported net profit of RUB 6.3bn for 2012
Strong year for Lenta following slow growth in 2011
The increase of just over RUB 5bn in income is significantly more than growth in 2011, when it only grew from RUB 1.16bn in 2010 to RUB 1.24 in 2011. By the end of the year, the retailer was operating 56 hypermarkets, an increase of nine stores.
Expanding in Moscow
One of the highest priorities for Lenta is expansion in the Moscow province, with the retailer expecting to open 30 outlets in the near future and the first due to open by the end of 2013. Lenta already has a strong presence in St Petersburg with around a third of their stores located here.
Want to know more?
Take a look at our CEE In Focus Special Analysis where we identify today's winners in Russia and Central and Eastern Europe, size up the Russian opportunity and take stock of Tesco’s evolving strategy in the region.