Compared to the Same Period of 2006: D&S' Profits Increased by 48.7% for the Period January-September 2007
25 Outubro 2007 - 7:06PM
PR Newswire (US)
- Profits amounting to Ch$33,945 million are mainly due to the 5.3%
increase in revenues and the 39.3% increase in operating income.
The Company's EBITDA increased 23.2%. SANTIAGO, Chile, Oct. 25
/PRNewswire-FirstCall/ -- D&S, the main supermarket chain in
Chile, showed net profits amounting to Ch$33,945 million (US$66.4
million), representing a 48.7% increase over results for the same
period in 2006. This increase is explained by the 5.3% growth in
net revenues over the previous year, amounting to Ch$1,353,604
million (US$2,647.7 million) and by the 39.3% increase in operating
income, which totaled Ch$64,674 million (US$126.5 million). Gross
income increased by 7.3% amounting to Ch$384,755 million. Alejandro
Droste, CFO of D&S, stated, "The significant increase in net
revenues is mainly due to the 7.3% nominal increase in total sales,
which is in turn the result of the 6.4% nominal increase in
same-store sales (SSS), and the net increase in 26,997 square
meters of sales area due to the opening of 11 Lider stores during
the period October 2006 to September 2007." These new stores
represent a 6.0% increase in total sales area and consist of 6
Express supermarkets and 5 Hiper Lider hypermarkets. Additionally,
22 Ekono stores, D&S' discount format, have been opened during
the period January-September 2007. Droste also pointed out that
"the Company's consolidated margins have shown an increasing trend
quarter after quarter. This is attributable to the successful
implementation of our strategy, which has led to increased
competitiveness resulting in same-store-sales increases and
significant expense reductions." Net revenues from D&S'
financial services increased by 29.6% compared to the same period
in 2006, amounting to Ch$83,258 million (US$162.9 million). Net
revenues from D&S' real-estate subsidiary, Saitec, totaled
Ch$16,817 million (US$32.9 million, a 16.0% increase over revenues
for the period January-September of 2006. The Company's EBITDA was
23.2% higher, reaching Ch$108,224 million (US$211.7 million)
compared to the period January-September 2006, representing 8.0% of
revenues, a favorable result when compared to the 6.8% EBITDA
margin for the Company during the same period of the previous year.
Consolidated Results Period January-September 2007 2006 Change Ch$
US$ % Ch$ US$ % % YOY million million of million million of Rev.
Rev. Sales 1,113,001 2,177.1 82.2% 1,073,453 2,099.7 83.5% 3.7%
Other Income 240,603 470.6 17.8% 211,935 414.6 16.5% 13.5% Net
revenues 1,353,604 2,647.7 100.0% 1,285,388 2,514.3 100.0% 5.3%
Cost of sales 968,849 1,895.1 71.6% 926,796 1,812.9 72.1% 4.5%
Gross Income / Margin 384,755 752.6 28.4% 358,592 701.4 27.9% 7.3%
Recurring Operating Expenses 275,512 538.9 20.4% 269,985 528.1
21.0% 2.0% Start-up Expenses 1,019 2.0 0.1% 738 1.4 0.1% 38.0%
Total Operating Expenses (SG&A) 276,531 540.9 20.4% 270,723
529.6 21.1% 2.1% EBITDA 108,224 211.7 8.0% 87,869 171.9 6.8% 23.2%
Depreciation 43,550 85.2 3.2% 41,434 81.0 3.2% 5.1% Total Operating
Expenses 320,081 626.1 23.6% 312,158 610.6 24.3% 2.5% Operating
Income 64,674 126.5 4.8% 46,435 90.8 3.6% 39.3% Financial Expenses
(19,974) (39.1) -1.5% (18,785) (36.7) -1.5% 6.3% Other
Non-operating Income (Expenses) (2,893) (5.7) -0.2% 715 1.4 0.1%
-504.7% Monetary Correction (602) (1.2) 0.0% 144 0.3 0.0% -518.4%
Non-Operating Income (23,469) (45.9) -1.7% (17,927) (35.1) -1.4%
30.9% Income before Tax 41,205 80.6 3.0% 28,508 55.8 2.2% 44.5%
Income Tax (7,262) (14.2) -0.5% (5,717) (11.2) -0.4% 27.0% Minority
Interest 3 0.0 0.0% 34 0.1 0.0% -91.9% Income 33,945 66.4 2.5%
22,825 44.6 1.8% 48.7% Amortization of Goodwill - - 0.0% - - 0.0%
Net Income 33,945 66.4 2.5% 22,825 44.6 1.8% 48.7% Figures in this
report are expressed in US$ Millions, drawn from figures in Chilean
pesos restated by the CPI at September 30, 2007, and converted into
dollars using the observed exchange rate for the same date
(1US$=Ch$511.23). For further information, please contact:
Alejandro Droste, Chief Financial Officer: Phone: 56-2-484 7750
Miguel Nunez, Finance Manager Retail: Phone : 56-2-484 7754 Loreto
Bradford, Investor Relations Officer: Phone: 56-2-484 7757
DATASOURCE: Distribucion y Servicio D&S S.A. CONTACT: Alejandro
Droste, Chief Financial Officer, +011-56-2-484-7750, , Miguel
Nunez, Finance Manager Retail, +011-56-2-484-7754, , or Loreto
Bradford, Investor Relations Officer, +011-56-2- 484-7757, , all of
Distribucion y Servicio Web site: http://www.dys.cl/
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