Russian Financial Control Monitor
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MOSCOW. Russian retailer Magnit increased first-half net profit to RUR14.52bn ($468.14mn) according to International Financial Reporting Standards, up 39.44% year on year, the company said.
Its IFRS revenue in roubles went up 31.42% to RUR272.838bn. The top line growth was due to an increase in selling space and a 5.29% rise in like for like sales (excluding VAT).
EBITDA rose 34.25% to RUR27.583bn ($889.32mn), with EBITDA margin, the main indicator of the company’s profitability, standing at 10.11%. |
| 24-07-2013 10:25 Mergers & Acquisitions (1) Nikolai Levitsky may sell control of traditional beverage maker | $ |
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