Tuesday 10th July 2012, 11:12 London
Magnit attracts higher sales
Like-for-like sales increase 3.5 per cent during the opening half of the year
Russian retailer Magnit has revealed that its sales climbed by 3.5 per cent during the opening six months of 2012, when compared with the same period of 2011.
Despite the growth, the figure represented a drop on the first quarter of 2012, when year-on-year sales growth came in at 4.12 per cent, Reuters reported.
Consolidated net sales soared by over 32 per cent to RR207.5bn (€5.1bn), with store openings boosting overall selling space by 31 per cent.
June sales alone increased by 33.8 per cent to RR36.4bn (€897m), the group said.