Russia's Magnit May sales up 28.7 pct yr/yr
Russia's biggest food retailer Magnit said on Tuesday its sales grew 28.7 percent in May year-on-yea…Russia's biggest food retailer Magnit said on Tuesday its sales grew 28.7 percent in May year-on-year, moderating after a 30.5 percent jump in April that was caused by the early Easter holiday this year.
Magnit said its sales totalled 62.2 billion roubles ($1.81 billion) in May, bringing five-months result to 285.9 billion, an increase of 27 percent in rouble terms on the same period of 2013 and compared with the company's 22-24 percent growth target for 2014 as a whole. ($1 = 34.3660 Russian Rubles)