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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
