Magnit’s IFRS net profit grows 8.49% to 7.5 bln rbl January–March

MOSCOW, Apr 21 (PRIME) -- The net profit of Russian retailer Magnit rose 8.49% on the year to 7.543 billion rubles, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

Revenue grew 4.58% to 266.983 billion rubles. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6.09% to 20.995 billion rubles.

The retailer no longer provides monthly revenue data, switching to quarterly reporting.

(56.4165 rubles – U.S. $1)

End