Russia's Magnit Q3 net profit up 42 pct, beat forecast
date:Oct 29, 2013
t profit rose to $283 million from $199 million a year ago. Analysts, poll by Reuters last week, forecast net profit of $259 million.

The company also beat forecasts for core profit margin as its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose as a percentage of revenues to 11.6 percent from 10.9 percent the year earlier, while analysts forecast it at 11.1 percent.
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