Magnit Announces Opening of 98th Hypermarket
OREANDA-NEWS. June 14, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the opening of the 98th hypermarket of a medium format.
We are glad to inform you that today the Company has opened its 98th hypermarket of a medium format located at 30 Oktyabrskiy prospect, Tver. Assortment of the hypermarket consists of about 10,000 SKUs, out of which about 59% are food items. There are 25 cash desks installed in the sales area. The hypermarket is open 7 days a week from 9 am to 11 pm.
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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 March 31, 2012 the Company operated an in-house logistics system consisting of 15 distribution centers, employing automated stock replenishment systems and a fleet of 3,922 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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