Sugar Loaf profit grows 42% in the quarter

SÃO PAULO-last updated 9:0 pm Largest retail chain in the country, the Pão de Açúcar Group recorded a high of 10.2% in net revenues from January to March, with the value reaching $ 13.4 billion.
Consolidated net profit rose 69.7% retailer and reached r $ 275 million. Profit attributable to shareholders of parent company grew 42% and reached r $ 236.6 million from January to March.
The net margin, an important industry indicator rose from 1.3% in the first quarter of 2012 to 2.1% over the same period from 2013.
The food area of Grupo Pão de Açúcar, greater network business, closed the first quarter high of 10.9% on gift net revenues, down 0.3 percentage point in amrgem (Ebitda fell from 7.3% to 7%) and net income with high of 19.5%, to reach $ 176 million.
In the same stores concept ', the gross revenues from sales advanced 6.4%.
Read more: Quarterly Profit Via Retail on 378%