Eldorado to double investmentsRussian electronics specialist Eldorado has announced net sales including VAT amounted to RUB41.5 billion (USD1.48 billion) for the first half ended June 2011. The EBITDA margin was 4.3%, a growth of 1.4% compared to the same period the previous year. Czech-based PPF Group, which in August 2011 increased its stake in the company to 100%, plans to invest a total of USD100 million in developing the store network by the end of 2011, twice as much as in 2010. Eldorado forecasts net sales will reach RUB105 billion (USD3.75 billion) by the end of the fiscal year.
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