Russian food retailer Dixy Group posted a 257.7 million ruble ($9.303 mln) net profit to IFRS in 2010, the firm said in a statement on Thursday.

That follows a 111.9 million ruble net loss in 2009

Revenue rose 19.4 percent to 64.799 billion rubles, Dixy said. Gross profit rose 17.6 percent to 17.111 billion rubles.

EBITDA edged up by 26.5 percent to 3.678 billion rubles.

"EBITDA margin increased by 30 basis points over the same period last year to the level of 5.7 percent primarily due to the decrease in selling, general and administrative expenses," the statement said.

Net cash from operating activities edged down 3.8 percent to 1.984 billion rubles, or $65 million.

In dollar terms, Dixy's net profit stood at $8.5 million after a $3.5 million loss the previous year. Revenue rose by 24.7 percent to $2.134 billion, gross profit by 22.4 percent to $563 million, EBITDA by 32.2 percent to $121 million.

RIA Novosti