General information about the "Seventh Continent", OJSC
JSC "The Seventh Continent" was established in 1994 and today is an international retail chain and one of the leading Russian national chains. The Company operates in two major formats: supermarkets and hypermarkets. As of the end of December 2008 the Company has stores in Moscow and Moscow region (119 supermarkets and 3 hypermarkets), in Kaliningrad region (10 supermarkets), in St-Petersburg (1 hypermarket), in Ryazan (1 hypermarket), Chelyabinsk (1 hypermarket) in Minsk, Belorussia (1 hypermarket), in Perm (1 supermarket and 1 hypermarket) and in Yaroslavl (1 supermarket and 1 hypermarket).
According to the audited financial statements, prepared in accordance with International Financial Reporting Standards, in 2007 total revenues of the Company were USD 1 272.9 mn., net income USD 99.2 mn.
