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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Magnit PJSC (CE) | USOTC:MGJCL | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
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Press-release
Krasnodar
March 19, 2015
PJSC "Magnit" Announces the Publication Date of its Audited FY2014 Financial
Results Prepared in accordance with the IFRS
Krasnodar, March 19, 2015: PJSC "Magnit", Russia's largest retailer (the
"Company"; MOEX and LSE: MGNT), is pleased to announce the publication date of
its audited FY 2014 financial results prepared in accordance with the IFRS.
Please be informed that PJSC "Magnit" plans to release its audited FY 2014
financial results prepared in accordance with the IFRS on Wednesday, March 25,
2015 at 10:00 AM (Moscow time).
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
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: Chistyak@magnit.ru
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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately
2,100 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts 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.
Copyright h 19 PR Newswire
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