OREANDA-NEWS. OJSC “Magnit”, Russia's largest food retailer (the “Company”; MICEX and LSE: MGNT) announces 32.75% retail sales growth in rubles for June 2014.

During June 2014 the Company opened (net) 101 stores. The total store base reached 8,618 stores (7,614 convenience stores, 169 hypermarkets, 57 “Magnit Family” stores and 778 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 6M 2014 increased by 27.90% in ruble terms (compared to 6M 2013) and stood at 348,903.73 million rubles.

According to Rosstat food inflation in June 2014 amounted to 0.7% compared to 0.5% in June 2013, in 6M2014 - 7.6% compared to 5.2% in 6M2013.