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Magnit Margin Decline Sends Russian Retailer’s Shares Sliding
date:Apr 24, 2014
rgest retailer is able to press suppliers on purchasing terms.

The profit margin widened to a record in the fourth quarter as Magnit curbed costs amid slowing sales growth.

First-quarter sales rose 25% to the equivalent of $4.7 billion, the company said today.

12/24 19:47

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