14th Apr 2016 08:48
PJSC MAGNIT - Unaudited 1Q 2016 Financial Results Publication DatePJSC MAGNIT - Unaudited 1Q 2016 Financial Results Publication Date
PR Newswire
London, April 14
Press Release
Krasnodar
April 14, 2016
PJSC “Magnit” Announces the Publication Date of its Unaudited 1Q 2016 Financial Results Prepared in accordance with the IFRS
Krasnodar, April 14, 2016: PJSC “Magnit”, Russia's largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the publication date of its unaudited 1Q 2016 financial results prepared in accordance with the IFRS.
Please be informed that PJSC "Magnit" plans to release its unaudited 1Q 2016 financial results prepared in accordance with the IFRS and based on the management accounts on Monday, April 25, 2016 at 10:00 AM (Moscow time).
For further information. please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department [email protected] |
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 December 31, 2015, Magnit operated 33 distribution centers and 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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