M.Video-Eldorado Group controversially reported IFRS results for the first half of the year

The company's EBITDA almost doubled during the year: from 4.635 billion rubles to 7.002 billion rubles. The main reason is the growth of the purchase price and, consequently, the retail cost of many items of goods.

Despite the growth of retail prices, the net profit from the sale of goods did not change much. M.Video-Eldorado's net loss increased to RUB 3.747 bln from RUB 2.859 bln a year earlier.

Total sales of the group increased by 1,5% up to 262,177 billion rubles in the first half of the year.

The company's shares are down 4%.