By Rogerio Jelmayer

SAO PAULO--Companhia Brasileira de Distribuicao (CBD, PCAR4.BR), Brazil's largest retailer by revenue, said its net profit rose 27.5% in the fourth quarter as revenue outpaced expenses.

The company, which is controlled by French retail group Casino Guichard-Perrachon SA (CGUSY, CO.FR), said late Thursday its net profit totaled 687 million Brazilian reais ($286 million) in the quarter, up from BRL539 million in the previous year.

CBD's net revenue totaled BRL16.8 billion, up 15.8% from the year-ago period. Its gross revenue totaled BRL18.78 billion, up 14.6% from the fourth quarter of 2012.

The company's operational expenses increased 12% to BRL3.1 billion.

Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com

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