OREANDA-NEWS. OJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT) announces 34.37% retail sales growth in rubles for September 2014. During September 2014 the Company opened (net) 121 stores. The total store base reached 9,020 stores (7,891 convenience stores, 175 hypermarkets, 68 "Magnit Family" stores and 886 drogeries).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 9M 2014 increased by 30.03% in ruble terms (compared to 9M 2013) and stood at 542,288.27 million rubles.

According to Rosstat food inflation in September 2014 amounted to 1.0% compared to 0.0% in September 2013, in 9M2014 - 8.4% compared to 4.4% in 9M2013.