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

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