11 Jul 2011 10:28

Magnit revenue up 51% to 156.5 bln rubles in H1

MOSCOW. July 11 (Interfax) - Magnit posted revenue of 156.5 billion rubles in the first half of the year, 51% more than in the same period last year.

Revenue in the convenience store segment was up 44.95% to 137 billion rubles and the hypermarket segment boosted revenue 110% to 19.5 billion rubles. In the cosmetics segment, revenue totaled 56.8 million rubles.

In dollar terms, revenue in the six months was up 58.7% to $5.5 billion.

In the month of June, revenue rose 46.4% to 27.24 billion rubles or $973.4 million in dollar terms, up 63%.

RTS$#&: MGNT