* Quarterly like-for-like sales rise 1.1 pct in Iberia
* Emerging market same-store sales up 14.2 pct
(Adds detail on sales)
MADRID Oct 29 Spain's biting recession and
strong growth in emerging markets allowed supermarket chain Dia
to almost triple nine-month net profit to 99.2 million
euros ($116.90 million), the company said on Monday.
The discount chain, which has done well as crisis-hit
Iberian shoppers turn away from more expensive stores, made
nine-month sales of 7.6 billion euros and earnings before taxes,
interest, depreciation and amortisation (EBITDA) of 415.6
Dia - spun off by France's Carrefour last year -
said same-store sales growth in its biggest markets Spain and
Portugal was 1.1 percent in the third quarter over the same
quarter last year.
In its emerging markets Argentina, Brazil, Turkey and China
- where it makes a quarter of its business - same-store sales in
the July-September period climbed 14.2 percent on an annual
A Reuters poll of seven analysts had forecast nine-month net
profit of 86.3 million euros on sales of 7.6 billion euros and
EBITDA of 412 million euros.
($1 = 0.7733 euros)
(Reporting By Sarah Morris)