×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Magnit Sales Growth Accelerates to 33% in June

Russia's biggest food retailer Magnit said Wednesday its sales grew 32.8 percent in June year-on-year, accelerating from a 28.7 percent rise in the previous month.

Magnit said its sales totaled 63 billion rubles ($1.9 billion) in June, bringing its six-months result to 349 billion, an increase of 27.9 percent in ruble terms on the same period of 2013 and compared with the company's 22-24 percent growth target for 2014 as a whole.

See also:

Magnit Named One of Europe's 50 Most Valuable Brands

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more