M. Video Reports Sales Results for the Month, Fourth Quarter and Year Ended December 2013
For the quarter, the company reported sales in the period grew 8% to RUB 46.049 billion not including VAT and were RUB 54.338 billion with VAT. Like-for-like sales fell 1.8%. LfL sales showed down 1.8% versus fourth quarter of 2012.
For the year, the company boosted sales revenue 11% last year to RUB 148.354 billion not including VAT. Sales inclusive of VAT were RUB 175.058 billion. Like-for-like sales grew 1%. on-line sales grew by 36%.