OREANDA-NEWS. Magnit released 9M07 financials that are perfectly in line with the estimates of Alfa-Bank analysts, according to the press service of the bank. The company translated a 48% y-o-y rise in revenue into a 60% gain in gross profit and a 76% gain in EBITDA. Gross and EBITDA margins showed healthy improvements, rising 1.35 ppts and 83 bpts, respectively, allaying investor concerns that the company would not show significant improvements in profitability.

Net profit margins declined by 10 bpts, mainly because the company increased its debt load to fund its aggressive hypermarket strategy.