“Magnit”, Russia’s largest retail chain in terms of the number of stores, announced the unaudited operating results for the first three quarters of 2011.
Provisional unaudited consolidated retail earnings (VAT excl.) since the beginnings of 2011 reached RUB 240.1 bn, which is 46% more than in the same period in 2010.
In the first 9 months of 2011 the retailer has opened 712 stores. The total number of chain stores has reached 4,767: 4.593 convenience stores, 76 hypermarkets and 98 drugstores.
Source: www.retail.ru