15th Jul 2015 07:30
PJSC MAGNIT - Unaudited 1H 2015 Financial Results Publication DatePJSC MAGNIT - Unaudited 1H 2015 Financial Results Publication Date
PR Newswire
London, July 15
Press-release
Krasnodar
July 15, 2015
PJSC “Magnit” Announces the Publication Date of its Unaudited 1H 2015 Financial Results Prepared in accordance with the IFRS
Krasnodar, July 15, 2015: PJSC “Magnit”, Russia's largest retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the publication date of its unaudited 1H 2015 financial results prepared in accordance with the IFRS.
Please be informed that PJSC "Magnit" plans to release its unaudited 1H 2015 financial results prepared in accordance with the IFRS and based on management accounts on Wednesday, July 22, 2015 at 10:00 AM (Moscow time).
For further information, please contact:
| Timothy Post | Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2014, Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
Related Shares:
MGNT.L