Spanish discount retailer Dia has recorded a “solid” first quarter with earnings boosted by “strong” sales momentum in Brazil and Argentina.
In the three-month period, net profit reached EUR15.6m (US$20.4m), a 10.2% increase on the prior year period. EBIT climbed 16.3% to EUR47.5m.
Go deeper with GlobalData
Sales edged up to EUR2.35bn from EUR2.34bn last year, while like-for-like sales increased 0.4%, negatively calendar effects and bad weather in Iberia, Dia said.
The retailer said it is on-track to deliver full-year double-digit underlying EPS growth.
Click here to view the full release.
See Also:
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.
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
