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Quarterly profit of “Magnet” fell by almost 2.5 times

Квартальная прибыль «Магнита» рухнула почти в 2,5 раза

Net profit of “Magnit” under IFRS amounted at the end of the third quarter of 2019 3,253 billion rubles, which is 2.3 times less than in the same period last year, the message of the Russian retailer.

EBITDA (earnings before interest, taxes, depreciation and amortization) decreased in June—September by 9% yoy to 19.78 billion, while revenues reached 342,583 billion.

For the first 9 months of this year net profit of “Magnet” fell by 48.6% yoy to 13,058 billion.

EBITDA for January—September decreased by 5.3% to 63,09 billion, revenues amounted to 1 trillion 499 million rubles.

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