Magnit's net profit under IFRS for the first half of the year increased by 39.6%

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AK&M 19 August 2022 10:32

Magnit's net profit under IFRS for the first half of 2022 increased by 39.6% year-on-year to 32 billion rubles. EBITDA amounted to 80.1 billion rubles. This is stated in the company's message.

Total revenue increased by 38.2% to 1.13 trillion rubles. Total revenue adjusted for the acquisition of Dixie increased by 19.1%. Net retail revenue increased by 39% and amounted to 1.11 trillion rubles. The growth of net retail revenue, adjusted for the acquisition of Dixie, amounted to 19.8%.

The company has opened (gross) 851 stores or 654 stores (net). The total number of the chain's stores as of June 30, 2022 was 26,731.

PJSC Magnit (Krasnodar, TIN 2309085638) is a holding company of a group of companies engaged in retail trade through the eponymous chain of stores.

Magnit's net profit for the first quarter of 2022 (IAS 17) amounted to RUB 10.9 billion. compared to 10.87 billion rubles a year earlier. Total revenue increased by 37.7% to 547.7 billion rubles. EBITDA amounted to 37.7 billion rubles. This is stated in the message of the retailer.