Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Rosinter Restaurants Swings to 2011 Loss on Inflation, Salaries

OAO Rosinter Restaurants Holding, a Russian eatery chain, swung to a loss last year because of higher food prices and salaries as well as write-offs relating to closures.

The net loss was 281.2 million rubles ($9 million) compared with profit of 257.5 million rubles a year earlier, Rosinter said today in an e-mailed statement. Sales rose 6.4 percent to 10.4 billion rubles.

Rosinter’s gross profit margin fell to 20.3 percent from 23.8 percent a year earlier “resulting from an increase of food and beverage costs and payroll expenses,” the company said. The chain reported impairment provisions of 265 million rubles and write-offs of 184 million rubles related to store closures.

Earnings before interest, taxes, depreciation and amortization fell 68 percent to 335.1 million rubles, while net debt rose 10 percent to 1.27 billion rubles, Rosinter said. That pushed the ratio of net debt to Ebitda up to 3.8 as of Dec. 31 from 1.1 a year earlier, it said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.