OJSC Magnit Announces Change of Assets Value and Net Profit Amount
OREANDA-NEWS. August 4, 2011. Assets of OJSC "Magnit" increased by 4,650,376 thousand rubles in 2Q 2011 compared to 1Q 2011. Significant change of assets was due to proceeds received from the placement of OJSC "Magnit" bonds.
Date of fact occurrence: |
August 1, 2011 |
Value of OJSC "Magnit" assets as of 31.03.2011 |
38,810,444 thousand rubles |
Value of OJSC "Magnit" assets as of 30.06.2011 |
43,460,820 thousand rubles |
Absolute change in value of assets |
4,650,376 thousand rubles |
Relative change in value of assets |
11.98% |
Net profit of OJSC "Magnit" in 1Q 2011 amounted to 427,754 thousand rubles vs. 613,104 thousand rubles loss in 2Q 2011. Decrease of the financial result was due to the loss occurred from the transaction of sale of property rights. This transaction should bring positive effect to the financial result of the OJSC "Magnit" group of companies for 6 months 2011 within consolidated statements prepared in accordance with IFRS.
Date of fact occurrence: |
August 1, 2011 |
Net income of OJSC "Magnit" in 1Q 2011 |
427,754 thousand rubles |
Loss of OJSC "Magnit" in 2Q 2011 |
-613,104 thousand rubles |
Absolute change in net income |
-1,040,858 thousand rubles |
Relative change in net income |
-243.33% |
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