Russian electronics retailer M.Video reports 13% rise in first-half volumes

FILE PHOTO: A woman walks in front of a store of Russia's biggest electrical and white goods retailer M.video in Moscow, Russia April 15, 2016. REUTERS/Maxim Zmeyev/File Photo

MOSCOW (Reuters) - Russian consumer electronics retailer M.Video-Eldorado said on Monday that its gross merchandise value (GMV), a measure of transaction volumes, rose 13% in the first half of 2024 from a year earlier to 247 billion roubles ($2.7 billion).

First-half revenue also increased by 13% to 202 billion roubles compared with the year-ago period and gross profit increased by 6% to 41.6 billion roubles, the company said.