MOSCOW (Reuters) - X5 Retail Group L:PJPq, Russia's second-biggest food retailer, said on Monday its first-quarter net income rose 25 percent, year-on-year, to 2.5 billion roubles (41.29 million pounds).
Revenue increased 14 percent to 144.2 billion roubles, X5 said in a statement. It said it had changed its presentation currency from the U.S. dollar to the Russian rouble in order to eliminate the effect of exchange rate volatility.
(Reporting by Maria Kiselyova; Editing by Vladimir Soldatkin)