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Russia's X5 Retail posts 21 pct rise in Q4 sales

Reuters - UK Focus

MOSCOW, Jan 21 (Reuters) - Russia's second-biggest food retailer X5 Retail Group said on Wednesday its sales rose 20.8 percent in the fourth quarter after a 23-percent increase in the previous quarter.

X5 said sales in October-December amounted to 180.9 billion roubles ($2.8 billion), driven by an increase in selling space and 11.6 percent growth in like-for-like sales. ($1 = 65.2500 roubles) (Reporting by Maria Kiselyova; editing by Katya Golubkova)