date:Jan 28, 2014
the quarter soared by 20.2% to $5 billion. The strong performance in the month helped increase full-year revenue up by 29.2% to $18.2 billion. Net profit jumped 38.4% to $1.1 billion.
Meanwhile, Magnits competitor O'Key reported revenue for the year rose by 18.7% year-on-year to $4 billion while like-for-like sales were up 8%. However, the group said consumption levels fell in the last month of the year.
The retailer said it expected 2014 sales to grow by 15-16% and like-for-like sales to rise