Russian retailer X5 Retail Group N.V. (FIVE.L) posted lower profit for the first quarter, but net sales rose from last year.
The group's net profit for the quarter slipped to $65.1 million from $66.3 million a year ago. Profit before tax slid to $86.6 million from $90.3 million.
However, EBITDA rose 3.7 percent to $284.2 million.
Net sales, in U.S. Dollars terms, rose 7.5 percent to $4.160 billion. However, net sales, in RUR terms, grew 8.0 percent, which the group primarily attributed it to an 8.1 percent increase in net retail sales, resulting from organic store additions, price inflation, the positive performance of maturing stores added over the past two years and on-going promotional activities.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.