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.

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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.

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