By Rogerio Jelmayer
SAO PAULO--Companhia Brasileira de Distribuicao (CBD, PCAR4.BR),
Brazil's largest retailer by revenue, said second-quarter profit
rose 26% as sales increased and expenses dropped.
The company, which is controlled by French retail group Casino
Guichard-Perrachon SA (CGUSY, CO.FR), late Wednesday said its
profit rose to 407 million Brazilian reais ($183 million) from
BRL323 million a year earlier.
CBD's net revenue totaled BRL16.87 billion, up 12.8% from the
year-ago period. On the other hand, the company's operational
expenses decreased 2% to BRL2.88 billion.
CBD said earnings before interest, taxes, depreciation and
amortization rose to BRL1.15 billion from BRL953 million a year
earlier, while earnings before interest, taxes, depreciation and
amortization margin picked up to 7.6% from 7.1% a year earlier.
Via Varejo, the company's unit that runs Brazil's biggest
home-appliance retail chains Casas Bahia and Ponto Frio, posted a
second-quarter increase in its net profit of 21%.
CBD's GPA Alimentar unit, which accounts for the company's sales
of foodstuffs, reported an increase of 31% in its net profit in the
period.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
Access Investor Kit for Companhia Brasileira de Distribuicao
Visit
http://www.companyspotlight.com/partner?cp_code=A591&isin=BRPCARACNPR0
Access Investor Kit for Casino Guichard-Perrachon SA
Visit
http://www.companyspotlight.com/partner?cp_code=A591&isin=FR0000125585
Access Investor Kit for Casino Guichard-Perrachon SA
Visit
http://www.companyspotlight.com/partner?cp_code=A591&isin=US14758Q2066
Access Investor Kit for Companhia Brasileira de Distribuicao
Visit
http://www.companyspotlight.com/partner?cp_code=A591&isin=US20440T2015
Subscribe to WSJ: http://online.wsj.com?mod=djnwires