OREANDA-NEWS. On July 31, 2009 OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurants chain in Russia and CIS (RTS and MICEX ticker: ROST), announced its trade update for the second quarter and the first half of 2009. The release is published at www.rosinter.com, reported the press-centre of Rosinter.

1H 2009 and 2Q 2009 highlights
In the 1st half and the 2nd quarter of 2009, our consolidated revenue (unaudited) amounted to RUB 4,106.5 million and 2,071.3 million having demonstrated a 4.0% and a 0.8% increase year-on-year respectively.

As of 30 June 2009, we operated 336 restaurants including 250 corporate and 86 franchised outlets in 35 cities and 9 countries in Russia, CIS, Central Europe and Baltic countries. In 1st half of 2009, we expanded our presence through franchise operations to four new cities (Izhevsk, Cherepovets, Krasnodar, and Kishinev) and one new country (Moldova). We also opened two corporate stores in Poznan (Poland). As of the end of the period, we operated 12 Costa Coffee outlets through the joint venture with Whitbread Plc.

During the 1st half and the 2nd quarter of 2009, we experienced a Same Store Sales Growth (like-for-like) in local currency of -16.0% and -17.4% respectively.

In the 1st half and the 2nd quarter of 2009, our average check demonstrated a 4.3% and 3.7% growth in local currency respectively.

Our total debt decreased by 16.7% to US68.9 million as of June 2009 from US82.7 million as of 31 December 2008. Short-term debt decreased as percentage of total debt from 95.5% as of 31 December 2008 to 51.2% as of 30 June 2009. As of 30 June 2009, 76.1% and 23.9% of our total debt were denominated in Russian Rubles and foreign currency (US and Euro) respectively.

Sergey Beshev, CEO commented:
"The stability of our quarterly revenues during the first half of 2009, with a 4% y-o-y increase during the first half of 2009 over comparable figure in 2008, and a slight decline in our local currency SSSG (like-for-like) indicate that our business is operating in a less volatile environment. We are confident that our focus on quality of dishes and services as well as new interesting marketing initiatives will continue adding strength to our guest flow in the second half of 2009, our traditional high season. This strategy will also benefit our franchise family that added to our network 12 new units expanding our brand coverage to four additional cities and one country as a clear demonstration of the strength of our brands and our business model".