Russia’s Magnit IFRS net profit rises 13% to 16 bln rbl Oct–Dec

MOSCOW, Jan 27 (PRIME) -- The net profit of Russian retailer Magnit grew 13.05% on the year to 15.593 billion rubles in October–December, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement Wednesday.

Revenue increased 17.8% to 260.171 billion rubles.

Earnings before interest, taxes, depreciation and amortization (EBITDA) went up 13.82% to 28.798 billion rubles.

(81.8394 rubles – U.S. $1)

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