20th Jul 2012 07:00
Press-release
Krasnodar
July 20, 2012
OJSC "Magnit" announces the publication of the 2Q 2012 Accounting Reports according to RAS
Krasnodar, July 20, 2012: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the publication of the accounting reports according to RAS over the 2nd quarter of the year 2012.
Dear Ladies and Gentlemen!
We would like to inform you that the interim (quarterly) accounting reports according to RAS over the 2nd quarter of 2012 was published on the website of OJSC "Magnit" on July, 19.
Please follow the link http://www.magnit-info.ru/en/investors/finance/ to view the reports.
OJSC "Magnit" shall provide a copy of the document, containing the issuer's insider information, to all interested parties at their request within the term not exceeding 7 days from the date of the request receipt (submission) for a fee not exceeding expenses of the copy production.
For further information, please contact:
Oleg Goncharov | Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 |
Dina Svishcheva | Manager, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 |
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" (LSE and MICEX: MGNT, S&P: "BB-") is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of June 30, 2012 the chain consisted of 5,268 convenience stores, 98 hypermarkets, 5 "Magnit Family" stores and 351 cosmetics stores (drogerie) in 1,461 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of June 30, 2012 the Company operated an in-house logistics system consisting of 16 distribution centers, employing automated stock replenishment systems and a fleet of 4,070 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 939 million.
Related Shares:
MGNT.L