|Bid||8,705.00 x 2100|
|Ask||8,714.00 x 200|
|Day's range||8,703.00 - 9,488.00|
|52-week range||8,610.00 - 11,476.00|
|PE ratio (TTM)||734.27|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
Russia's second-biggest food retailer Magnit (MGNT.MM) said on Friday its third-quarter net profit more than halved year-on-year, sending its shares down more than 5 percent. The company, which has more than 15,000 low-cost stores, said net profit fell to 6.9 billion roubles ($120 million) from 14.8 billion a year ago. It gave no reason for the decline but analysts have predicted Magnit would cut prices to attract cash-strapped consumers, which would hurt its profits and margins.
Russia's second-biggest food retailer Magnit said on Friday its third-quarter net profit more than halved year-on-year, sending its shares down more than 5 percent. The company, which has more than 15,000 ...
MOSCOW, Oct (Shenzhen: 000069.SZ - news) 19 (Reuters) - Russian food retailers X5 , Magnit, and Lenta (Frankfurt: A1XEVQ - news) are in talks with Siberian company Holiday on acquiring parts of its business, two market sources and a source close to Holiday said. Holiday is one of the largest local retailers, with around 500 outlets, including discounters, convenience stores, supermarkets and hypermarkets scattered across seven regions. The company may sell around half its stores to the three retailers to raise cash for repaying debt, the sources said.
MOSCOW, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - Russian food retailer Magnit said on Wednesday it was in talks to buy Siberian company ETK which holds lease rights in and around the city of Krasnoyarsk. Magnit and other Russian retailers are making a push into Siberia, having all but saturated closer and more populous parts of the country in the past two decades. The low-cost Magnit, which has around 15,000 stores across Russia, said the deal would allow it to open at least 153 discount stores and three hypermarkets with a total selling space of not less than 62,417 square metres.
Russia's second biggest food retailer Magnit lowered its 2017 sales forecast on Friday after a slowdown in the first half but said it would open more low-cost convenience stores than planned previously. ...
Russia's second-biggest food retailer Magnit said on Friday its net profit fell 26 percent year on year in the second quarter but sales growth picked-up. * Net (LSE: 0LN0.L - news) profit decreased to 13.25 billion roubles ($224.6 million) from 17.9 billion roubles in the second quarter of 2016, Magnit said in a statement.
Russia's second-biggest food retailer, Magnit, said on Friday it hoped to return to positive like-for-like sales by the end of the second quarter. Magnit reported earlier on Friday a drop in first-quarter like-for-like sales for the second three-month reporting period in a row.
Russia's second-biggest food retailer by revenue, Magnit, said on Friday its first-quarter net profit dropped and sales growth tumbled, highlighting a widening gap in its performance relative to market ...
Russian food retailer Magnit will not sacrifice profit margins for sales, its chief executive said on Friday, predicting revenue growth in the region of 9-13 percent in 2017. Magnit, Russia's biggest retailer by sales since 2013, was overtaken in the fourth quarter of 2016 by X5 Retail Group , which won price-conscious consumers in a tough macroeconomic environment. Sergey Galitskiy, Magnit chief executive and the firm's biggest shareholder, said the company would not sacrifice profitability to regain the leading position.
X5 Retail Group reported on Tuesday a 27.5 percent rise in sales in the fourth quarter, overtaking Magnit as Russia's biggest food retailer by revenue: * Q4 net retail sales increased 27.5 percent to 291.3 ...
Russia's biggest food retailer Magnit reported on Tuesday a 12.8 percent increase in 2016 sales, missing its 14-16 percent growth forecast. The low-cost retailer has seen revenue growth slow as competition ...
Russia's biggest food retailer Magnit reported on Tuesday a 12.8 percent increase in 2016 sales, missing its 14-16 percent growth forecast. Sales rose to 1.1 trillion roubles from 947.8 billion roubles ...
Russian retailer Magnit has arranged a 20 billion rouble loan from Rosbank, the bank said in a statement on Tuesday.
Russia's biggest food retailer Magnit is likely to end 2016 with fewer net openings than planned after ramping up closures of inefficient stores, Chief Executive Officer Serge Galitskiy said on Friday....