Magnit Announces Opening of 97th Hypermarket
OREANDA-NEWS. June 7, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the opening of the 97th hypermarket of a medium format. Dear Ladies and Gentlemen!
We are glad to inform you that today the Company has opened its 97th hypermarket of a medium format located at 1, 70 let
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and
As of March 31, 2012 the Company operated an in-house logistics system consisting of 15 distribution centers, employing automated stock replenishment systems and a fleet of 3,922 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2011, the Company recorded consolidated revenue of approximately USD 11,423 million and consolidated EBITDA of around USD 939 million.