Electricals retailer Eldorado’s like-for-like sales slumped 21.7 per cent in the first half of this year.

Total sales plummeted 29.4 per cent to RUB39.6bn (£782.1m), compared with the same period last year. The retailer revealed it grew EBITDA to RUB2.7bn (£53.3m) compared with a loss of RUB1.9bn (£37.5m) last year.

Eldorado operates more than 380 stores in 153 cities in Russia.