Russia's Magnit says December sales rise 37.3 percent

MOSCOW: Russia's biggest food retailer Magnit said on Monday sales rose by 37.3 percent in December, year-on-year, to 87.4 billion roubles ($1.4 billion), after a 33.2 percent rise in the previous month.

The retailer said in a statement retail revenue for 2014 increased by 31.61 percent to stand at 762.7 billion roubles.

The company opened 204 stories in December, it added.