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Lenta shares up over 5% on Moscow Exchange

Net profit of Lenta under IFRS dropped by 64.5% in 2022 compared with 2021 to $63 mln

MOSCOW, March 29. /TASS/. Shares of Russia’s retailer Lenta rose by more than 5% as Wednesday trading opened on Moscow Exchange, according to trading data.

As of 10:02 a.m. Moscow time the company’s shares were up by 5.15% at 785.5 rubles per share. By 10:20 a.m. Lenta shares were up by 2.54% at 766 rubles per share.

Net profit of Lenta under International Financial Reporting Standards (IFRS) dropped by 64.5% in 2022 compared with 2021 to 4.85 bln rubles ($63 mln). Q4 net profit lost 95% to 207 mln rubles ($2.6 mln).

As of December 31, 2022, Lenta operated 259 hypermarkets and 561 supermarkets and Lenta Mini stores in over 200 cities and towns across Russia.

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Russia grateful to Egypt for its objective stance on Ukraine situation — Lavrov

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Johann Wadephul supportы a system of qualified majority voting in the EU

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