Magnit says IFRS net profit rises 36.4% to 15.2 bln rbl in Oct–Dec

MOSCOW, Feb 4 (PRIME) -- The net profit of Russian grocery retailer Magnit increased by 36.4% on the year to 15.17 billion rubles in October–December 2021, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Friday.

Combined revenue increased by 33.7% to 544.552 billion rubles. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 40.5% to 40.167 billion rubles. The EBITDA margin rose 21 basis points to 7.4%.

For further details, please, see company’s report on official website:

https://www.magnit.com/en/shareholders-and-investors/results-and-reports/

(76.6501 rubles – U.S. $1)

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