MAGNIT PJSC Revenue In 3Q 2019 Increase By 10.5%

  • Oct 29, 2019 GMT
  • Team Kalkine
  • MAGNIT PJSC (MGNT) has released its 3Q 2019 operating and unaudited financial results.
  • The company’s total revenue increased by 10.5 per cent to RUB 342.6 billion, mainly because of 17.2 per cent selling space growth.
  • Total net retail sales for the 3Q 2019 was RUB 333.0 billion, up or 9.1 per cent YoY. The gross profit in 3Q 2019 of the company stood at RUB 76.6 billion.
  • In the reported period, the company opened one supermarket- a revamped Cash & Carry store in Lipetsk with updated pricing system. In the Group's net retail sales, Supermarkets accounted for 14.8 per cent.

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