Santa Retail Chain Increases Revenue but Reduces Profit

LLC Santa Retail increased its revenue over the first three quarters. However, the operator of the Santa retail chain simultaneously reduced its profit, according to the company’s quarterly report published on the Unified Financial Reporting Portal (EPFR).

Santa Retail’s revenue for January–September amounted to 1.94 billion rubles, up 14% compared with the same period last year.

The cost of goods sold rose by 13% to 1.45 billion rubles.

The company earned an operating profit of 61.31 million rubles, which is 70.2% higher than last year.

At the same time, net profit fell by 36.6% to 43.07 million rubles.