Shrinking Russian Wages Weigh on Magnit's Margins

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PJSC Magnit, the Russian retailer that has dropped 9 percent from this year’s high in April, will probably report lower profit margins when it posts second-quarter results Wednesday as a slump in sales amid shrinking wages and real disposable incomes curbed growth, according to Barclays Plc and ZAO Raiffeisenbank.

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