CHILE: Cencosud supermarkets book FY profit rise
By Dean Best | 26 March 2012
Chilean retailer Cencosud saw sales and profits increase from its supermarkets division in 2011.
The retailer, which operates supermarkets in Chile, Argentina, Brazil and Peru, reported a 27% increase in operating profit from its supermarkets unit for 2011.
Operating income reached CLP292m on the back of higher sales boosted by Cencosud's acquisition of Brazilian firm Supermercados Bretas in 2010.
Cencosud said its supermarket revenue increased 30.8% to CLP5.56trn, with the company also citing rising sales in Chile, Argentina and Peru.
The company's total operating income was up 29.1% at CLP583.9m. Net revenues increased 22.2% to CLP7.57trn. Higher taxes meant Cencosud reported a 3.5% fall in net profit to CLP285.92bn.
Sectors: Emerging markets, Financials, Retail
Companies: Cencosud
View next/previous articles
26 Mar 2012 -
26 Mar 2012 -
Currently reading -
CHILE: Cencosud supermarkets book FY profit rise
26 Mar 2012 -
Related research
Cencosud S.A. (CENCOSUD) - Financial and Strategic SWOT Analysis Review
Cencosud S.A., through its subsidiaries, is engaged in operating supermarkets, hypermarkets, homecenters and department stores. The company offers a wide range of both food and non-food products including bakery products, dairy, deli, frozen foods, g...
The channel is dominated by unpackaged and packaged drinks vending, which together make up 78% of value sales. Unpackaged drinks vending is the largest channel as it is complimentary to kioskos’ product offering while other products often compete wit...
Direct sales performed well as consumers look for smarter ways to make the most of their money. Direct sellers have for the most part, been traditionally positioned as offering lower prices and consumers are turning to them as inflation keeps increas...
There are currently no comments on this article
Be the first to comment on this article