By
Reuters
Reuters
Published
Aug 31, 2016
Aug 31, 2016
Chile retailer Falabella's second quarter net profit up 2.5 pct
By
Reuters
Reuters
Published
Aug 31, 2016
Aug 31, 2016
Chile's Falabella, one of Latin America's largest retailers, said late on Tuesday that its second-quarter net profit rose 2.5 percent compared with a year earlier, due to increased sales despite weak economic growth in the region.
Falabella reported a net profit of 118.3 billion pesos ($178.9 million) in the second quarter, slightly below a Reuters forecast for a profit of 121.6 billion pesos.
Sales for the group, which has operations in Argentina, Brazil, Peru, Colombia and Uruguay, grew 5.6 percent to 2.12 trillion pesos ($3.2 billion).
$1 = 661.49 pesos on June 30
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