Magnit PAO (MGNT.MM)
20 Jul 2017
MOSCOW, July 21 Russia's second biggest food retailer Magnit lowered its 2017 sales forecast on Friday after a slowdown in the first half but said it would open more low-cost convenience stores than planned previously.
MOSCOW, July 21 Russia's second-biggest food retailer Magnit said on Friday its net profit fell 26 percent year on year in the second quarter but sales growth picked-up.
* Q2 net profit at 13.25 billion roubles ($224.6 million), down from 17.86 billion roubles in Q2 2016;
* Board recommends final 2016 dividend of 67.41 roubles ($1.18) per share;
MOSCOW, April 21 Russia's second-biggest food retailer by revenue, Magnit, said on Friday its first-quarter net profit dropped and sales growth tumbled, highlighting a widening gap in its performance relative to market leader X5 Retail Group.
* Q1 net sales at 266.98 billion roubles ($4.76 billion), up 4.58 percent from 255.30 billion roubles in Q1 2016;
LJUBLJANA, March 20 Russia's largest retailer Magnit denied on Monday that it planned to buy retail units from indebted Croatian food group Agrokor, after the Slovenian daily paper Finance reported its interest.
LJUBLJANA, March 20 Russia's largest retailer Magnit could buy retail units from indebted Croatian food group Agrokor, Slovenian daily paper Finance said on Monday, without citing its source.