date:Apr 24, 2014
yst at Renaissance Capital, said in a note. However, in reality we would not overplay todays results and think perspective is needed.
Magnit fell as much as 2.2% in London trading, where the company has its main listing. The depositary receipts were down 1.6% at $51.20 as of 10:02 a.m.
Magnit has become one of the worlds most profitable retailers for a combination of reasons. The retailer provides its own logistics, running 5,600 of its own trucks and 23 distribution centers, and as Russias la