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Russia’s X5 retail group records faster revenue growth in Q1 2020

Thu 09/04/2020 by Richard Wilkinson

Russia’s biggest food retailer, X5 Retail Group, expects revenue growth to rise in the first quarter of 2020 compared with a year earlier due to the coronavirus outbreak, the Interfax news agency reported on Tuesday.

The company reported a 13.2% rise in revenue in 2019 to 1.7 trillion roubles (US $22.5 billion).

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