Spanish discount retailer Dia said it ended fiscal 2012 having achieved the targets it set itself at the start of the year after booking an increase in profit boosted by growth in Iberia and Brazil.
Earnings in the 12 month period were up 60.3% to EUR157.9m (US$208.2m), the company reported this morning (21 February). The increase was driven by profit growth in Iberia and Brazil, which recorded earnings growth of 2.9% and 16.9%, respectively.
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EBIT in the period grew 32.6% to EUR287.6m, while sales were up 6.7% to EUR11.68bn.
CEO Ricardo Currás said Dia’s priorities over the coming fiscal year will be to “speed up the rate of openings in Brazil and strengthen the proximity profile in Spain, with new complementary formats”.
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