Casino-owned CBD has revealed a first-quarter net sales increase of 20 per cent to BRL4.2bn (US$2.4bn), attributed to the consolidation of the Assai chain and the impact of Easter sales on the group. Net income totalled BRL36.1m (US$21.1m) while operating profit stood at BRL131.7m (US$77m).
Meanwhile, the group has won a multi-million real court battle against Sendas, following claims by the group that CBD should be forced to buy US$409m worth of company shares. CBD acquired a 42.57 per cent stake in Sendas in 2004.
Related articles
-
ArticleJumbo expands reach with new distribution centre
New fresh produce CDC designed to speed up delivery of products including fruit and vegetables to 700+ stores in Netherlands and Belgium
-
ArticleEFRA to quiz supermarkets on fairness in supply chain
Supermarkets’ senior executives to face questions from MPs over food price inflation, profits and relationships with producers
-
NewsInflation slows but food industry faces ‘urgent challenges’ to growth and talent
IGD report highlights sector’s ‘urgent’ need to drive volume growth and reverse a ‘profound shortage’ in digital, technical and engineering skills
More from Eurofruit
-
ArticleFrench tomato growers protest rise in Moroccan imports
Producers from Légumes de France staged protests at retailers in multiple cities last week, while Fepex argues growing tomato imports are causing a decline in EU production and price crises
-
ArticleBloom Fresh to showcase cherry innovations
Company will present new cherry programme at next week’s International Cherry Open Day in Mequinenza, Spain
-
News“Significant increase” in South African soft citrus crop
The country’s first seasonal forecast for soft citrus exports have emerged, with volumes pegged at 38m cartons
No comments yet