Chilean retailer Cencosud has seen first-quarter net profit slide by 38.6% as a result of increased expenses and a drop in operating profit.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


Net profit for the period slumped to CHP15.12bn (US$26m) from CHP24.65bn in the same period of 2008.


Operating profit was also down, falling 14.8% to CHP57.3bn, but sales were up a solid 11.8% year-on-year to CHP1.33tn.


Consolidated EBITDA also dropped, by 6.5% to CHP86.3m.


Cencosud saw revenues in its Chilean hypermarkets increase 4.2% to CHP192.8m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A 4.5% rise in nominal same store sales for the retailer’s Argentinean stores meant net revenues increased 24.9% in the first quarter, reaching CHP78.2m.


During March, Cencosud signed an agreement to sell its stake in Inmobiliaria Mall Calama.


Last month, the retailer also acquired Casino’s shares in Easy Holland BV, owner of Easy Colombia, increasing its participation to 100%.