UPDATE 1-Chile Falabella's second-quarter net profit up 12.6 pct
(Adds Falabella's comments, sales, Ebitda figures)
SANTIAGO, July 30 (Reuters) - Chilean retailer Falabella said on Tuesday its second-quarter net profit jumped 12.6 pct from a year earlier to 105.36 billion pesos, or $208 million, on higher revenues as it opened new stores in the region.
Consolidated revenues increased 10.1 percent in the April to June period to 1.580 trillion pesos, or $3.12 billion.
"The increased revenues are explained by greater sales floor space, which has been incorporated over the last 12 months," as well as same-store growth in Chile and Peru, Falabella said.
Ebitda, or earnings before interest, taxes, depreciation and amortization, rose 17.4 percent in the second quarter to 214.91 billion pesos, or $424 million.
A unit of Falabella signed a deal in late May to buy a 50.1 percent slice of Brazilian home improvement chain Dicico for 388 million reais ($189 million).
Falabella is already present in Argentina, Chile, Colombia and Peru.
($1 = 507.2 pesos on July 1) (Reporting by Anthony Esposito; Editing by Gary Hill and Andre Grenon)
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- NSA gathers data on cellphone locations globally: report
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Dementia epidemic looms with 135 million sufferers seen by 2050
- Obama says he's not allowed iPhone for 'security reasons'