Magnit’s IFRS net profit falls 21.5% to 10.362 bln rbl in Apr–Jun

MOSCOW, Jul 26 (PRIME) -- The net profit of Russian retailer Magnit fell 21.5% on the year to 10.362 billion rubles in April–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.

Revenue rose 6.5% on the year to 306.701 billion rubles in the period.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased 15.1% to 23.6 billion rubles.

For further details, see the company’s statement on its official website:

http://ir.magnit.com/wp-content/uploads/Magnit_Press-Release_Unaudited-1H2018_26Jul2018_ENG_gi.pdf

(63.0836 rubles – U.S. $1)

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