SAO PAULO Feb 20 Grupo Pão de Açúcar
, Brazil's biggest retailer, said on Wednesday its
fourth-quarter net income rose 36 percent from a year earlier to
539 million reais ($275 million), according to a securities
Profit beat an average forecast of 408 million reais in a
Reuters poll of six analysts.
Earnings before interest, taxes, depreciation and
amortization, a gauge of operating profit known as EBITDA, rose
34 percent to 1.323 billion reais, above an average estimate of
1.2 billion reais.