Magnit Announces Resumption of Work of Hypermarket in Krymsk
OREANDA-NEWS. July 17, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the resumption of work of the hypermarket in Krymsk. We would like to inform you that the hypermarket which was damaged by floods in Krymsk, has partially resumed its operations after repair works. As of July 13, 2012 there are six convenience stores operating out of eight located in Krymsk, the most damaged two will resume their operations in the next 10-12 days. For further information, please contact:
Based in
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 June 30, 2012 the Company operated an in-house logistics system consisting of 16 distribution centers, employing automated stock replenishment systems and a fleet of 4,070 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.
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