X5 Retail Jumps Most in Week as Fourth-Quarter Profit Climbs

X5 Retail Group NV (FIVE) climbed the most in almost a week after Russia’s largest food retailer said net income jumped 52 percent in the fourth quarter from the same period a year earlier to $134 million as it opened more stores.

The stock increased 3.3 percent to $23.51, the strongest intraday advance since April 13 as of 9:40 a.m. in London trading.

Sales gained 14 percent in the period to $3.97 billion, X5 said in a statement today. Full-year sales increased 37 percent to $15.5 billion.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.