OREANDA-NEWS. On 18 August 2008 was announced, that JSC “The Seventh Continent” July 2008 trade sales increased 38% YoY. The growth in sales in the hypermarket format for July 2008 reached 66% and the growth in regional sales reached 62% YoY.

Based on management accounts the Company’s July 2008 gross retail sales[1] increased 38% and reached USD 148 mn.

As of the end of July 2008 the Company managed 137 stores, including 128 supermarkets and 9 hypermarkets.

As of the end of July 2008 the selling space of the Company’s stores under the brands “The Seventh Continent” (supermarkets), “Nash Hypermarket” (“Our Hypermarket”) and “Prostore” accounts for 168,4 th. sq. m. and increased 18% compared with the same period of 2007.

From the beginning of the year 2008 the Company opened 10 new stores including 3 hypermarkets.  Selling space increased by 21,5 th. sq. m., including the 16,6 th. sq. m. in the hypermarket format.

[1] The sales figure includes gross retail sales including VAT and does not include other revenues