OREANDA-NEWS. December 10, 2009. OJSC "Magnit" (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited 11M 2009 results.


During 11M 2009 the Company opened (net) 516 stores. The total store base reached 3,098 stores (3,076 convenience stores and 22 hypermarkets). Preliminary consolidated unaudited net retail revenue (excl. VAT) for 11M2009 increased by 28.82% in ruble terms (compared to 11M2008) and stood at 150,436.86 million rubles.


November and 11M 2009 Key Operating and Financial Highlights:

 

November 2009

November 2008

 Growth Rate

 11M2009

11M2008

Growth Rate

Number of opened stores, NET  

56

38

n/a

516

280

n/a

Total number of stores

3,098

2,477

n/a

3,098

2,477

n/a

Total selling space, sq. m.

1,009,537

783,065

28.92%

1,009,537

783,065

28.92%

Net retail sales, million RUB

14,324.88

12,074.60

18.64%

150,436.86

116,776.82

 28.82%

Net retail sales, million USD

494.22

442.11

11.79%

4,717.59

4,756.36

(0.82)%