Russian supermarket retailer Seventh Continent has posted a leap in first-half profits on the back of robust sales growth. Seventh Continent booked a 61% jump in first-half net income to US$51.2m.

Russian grocer Seventh Continent has posted a 47% rise in net income for 2007 driven by store expansion and higher like-for-like sales. Net income reached US$99.2m, while net sales rose by a third to ...