October 22, 2018 / 7:23 AM / a month ago

Russia's Magnit says net profit up 10 pct y/y

MOSCOW, Oct 22 (Reuters) - Russian retailer Magnit said on Monday its net profit stood at 7.6 billion roubles ($116.4 million) in the third quarter, up 10 percent year on year.

The retailer’s third-quarter core earnings were up 5.3 percent year on year, while sales were up 8.4 percent at 310 billion roubles, Magnit said.

$1 = 65.2775 roubles Reporting by Vladimir Soldatkin Writing by Tom Balmforth Editing by David Evans

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