Support The Moscow Times!

Russia's Magnit Posts 36-Percent Rise in Q1 Net Income

Russia's biggest food retailer Magnit posted on Wednesday first-quarter net income of 9.5 billion rubles, up 36 percent year-on-year.

Magnit said in a statement that its earnings before interest, taxes, depreciation and amortization (EBITDA) rose 37 percent to 20.4 billion rubles.

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.