Obuv Rossii will invest dividends in the development of the network
06.06.2014 6222

Obuv Rossii will invest dividends in the development of the network

Obuv Rossii will not pay dividends for 2013, the funds will be used to implement the retail network development program. The company's plans for the next 5 years are to open at least 100 stores a year.

At the end of 2013, the Obuv Rossii group of companies increased its consolidated RAS net profit by 1,5 times compared to 2012, to RUB 506 million. Revenue increased by 49% - to 4,97 billion rubles. By the end of 2014, the company plans to receive revenue in the amount of over 7 billion rubles.

Obuv Rossii will not pay dividends for 2013, the money will go to implement a retail network development program.

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