Magnit says Q3 IFRS net profit rises by 41% to 14 bln rbl

MOSCOW, Oct 28 (PRIME) -- The net profit of grocery retailer Magnit increased by 41.1% on the year to 13.576 billion rubles in July–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Thursday.

Combined revenue increased by 27.7% for the year to 489.296 billion rubles. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 27% to 35.047 billion rubles. The EBITDA margin amounted to 7.2%, flat on the year.

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

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

(69.8104 – U.S. $1)

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