Softline net profit in Russia rises 7-fold to $78.78 mln in 2022

Business & Economy April 12, 2023, 16:35

The company's turnover for the year exceeded $855. 69 mln

MOSCOW, April 12. /TASS/. Softline's net profit under IFRS for 2022 increased almost 7-fold compared to 2021 and reached 6.5 bln rubles ($78.78 mln), the company said in a statement.

At the same time, adjusted EBITDA amounted to 2.6 bln rubles ($31.51 mln), having decreased by 28% compared to 2021, EBITDA margin was 20.1%, the company said.

The company's turnover for the year exceeded 70.6 bln rubles ($855. 69 mln).

Gross profit increased by 3% year-on-year to 12.3 bln rubles ($148.9 mln), gross margin increased to a record-breaking 17.4% for the company.

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