(In thousands of Russian rubles)

	Notes	2018	2017 (Note 3Certain amounts shown here do not correspond to the financial statements for the year ended 31 December 2017 and reflect adjustments described in Note 3.)
Revenue from contracts with customers	21	1,237,015,457	1,143,314,405
Cost of sales	22	(940,568,293)	(853,816,856)
Gross profit		296,447,164	289,497,549
Selling expenses	23	(16,069,946)	(15,629,200)
General and administrative expenses	24	(234,766,774)	(222,963,876)
Investment income		210,316	340,714
Finance costs	25	(9,136,262)	(12,978,882)
Other income	26	8,710,355	7,759,273
Other expenses		(907,548)	(735,488)
Foreign exchange (loss)/gain		(1,415,310)	133,680
Profit before income tax		43,071,995	45,423,770
Income tax expense	27	(9,207,471)	(9,884,798)
Profit for the year		33,864,524	35,538,972
Total comprehensive income for the year, net of tax		33,864,524	35,538,972
Profit for the year
Attributable to:
Equity holders of the Parent		33,864,524	35,538,972
		33,864,524	35,538,972
Total comprehensive income for the year, net of tax
Attributable to:
Equity holders of the Parent		33,864,524	35,538,972
		33,864,524	35,538,972
Earnings per share (in RUB per share)
- basic and diluted, for profit for the year attributable to equity holders of the parent	28	334.81	373.68

Chief Executive PJSC “Magnit” Naumova O.V.

14 March 2019

The accompanying notes on pages 12-67 are an integral part of these consolidated financial statements