Magnit announces 34.48% retail sales growth

OJSC “Magnit”, Russia’s largest retailer announces 34.48% retail sales growth in rubles for May 2013. During May 2013 the Company opened (net) 79 stores. The total store base reached 7,246 stores (6,383 convenience stores, 135 hypermarkets, 24 “Magnit Family” stores and 704 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 5M 2013 increased by 31.75% in ruble terms (compared to 5M 2012) and stood at 225,317.62 million rubles.

Retail.ru