Magnit IFRS EBITDA falls 12.7% to 27.77 bln rbl in Apr-Jun

MOSCOW, Jul 21 (PRIME) -- Earnings before interest, tax, depreciation and amortization (EBITDA) of Russia’s grocery chain Magnit fell 12.7% on the year to 27.77 billion rubles in April-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

The net profit declined 25.8% to 13.255 billion rubles. Revenues rose 8.19% to 288.042 billion rubles.

(59.0823 rubles – U.S. $1)

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