date:Sep 14, 2018
ncreased by 14.9% year-on-year (y-o-y) and reached BYN 2.18bln (revenue in USD terms increased by 9.6% y-o-y and amounted to USD 1.1bln). Net retail sales increased by 11.5% y-o-y and reached BYN 1.95bln (net retail sales in USD terms increased by 6.3% y-o-y and amounted to USD 0.98bln) mainly driven by like-for-like (LFL) sales growth and new store openings. The gross margin decreased slightly by 0.8 pp, but remained strong at 25.8%. The slight decrease was due to higher transportation expenses