Russian retailer Magnit booked a 71.62% increase in full-year EBITDA today (22 January), driven by improved margins and higher sales. The company said that EBITDA rose from RUB27.6bn (US$939.3m) in 2011 to RUB47.37bn in 2012. In 2012, the ...
Tags: Magnit, margins, higher sales, EBITDA
Russian retailer Magnit has reported full-year sales up by more than a third, after opening nearly 1,600 stores during the period. For the 12 months to the end of December, Magnit reported preliminary consolidated net sales up by 34% ...
Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: grocery retailer, Magnit, first-half profit, higher sales, net profit
Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: Magnit, grocery, profit, company news, sales
Russian retailer Magnit saw its underlying sales accelerate in the third quarter of the year. Magnit reported a 7.1% increase in like-for-like sales for the three months to the end of September. Traffic and the average ticket were both ...
Tags: Russian retailer Magnit, underlying sales, third quarter
Store openings have driven first-half revenue growth at Russian retailer Magnit. The firm said today (10 July) total sales increased by 32.5% in the first six months of the year. Gains were primarily driven by D, with 413 new stores ...
Tags: first-half revenue growth, Russian retailer Magnit, space expansion
Russian retailer Magnit has booked an increase in profit in the first nine months of the year, boosted by a high pace of new store openings and a focus on low prices. In the nine months to the end of September, net income soared 140.6% to ...