Exito has this week revealed that net profit doubled to hit COP36.9bn (US$20.1m) through the third quarter of 2010, with operating profit jumping 7.5 per cent year-on-year to COP1.75bn (US$950,000).
The improvement in both net and operating profits was the result of an improvement in Colombia's economy, which has led to greater sales at the Casino-owned retailer, Planet Retail reported.
'These results show that the economy remains stable and this is reflected in consumer confidence,' and Exito statement read.
The group's sales climbed by 11 per cent through the first eight months of the year when compared with the same period of 2009.
No comments yet