Public Joint Stock Company Magnit Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
For the year, the company reported net sales of RUB 950,613.34 million compared to RUB 763,527.25 million a year ago. EBITDAR was RUB 134,107.36 million compared to RUB 106,483.50 million a year ago. EBITDA was RUB 103,911.29 million compared to RUB 85,909.67 million a year ago. EBIT was RUB 82,830.86 million compared to RUB 68,300.00 million a year ago. Net income was RUB 58,846.66 million compared to RUB 47,685.84 million a year ago. The top line growth was due to an increase in selling space as well as to a 6.21% increase in like-for-like sales.