SAO PAULO (Reuters) -Carrefour Brasil reported on Tuesday that its second-quarter adjusted net profit slightly increased 1.3% from a year earlier, helped by double-digit same store sales growth.
The local unit of French retailer Carrefour SA reported profits of 600 million reais ($112.10 million).
Net sales rose 36% to 24.0 billion reais, which included Grupo Big’s results for June, when its acquisition by Carrefour Brasil was concluded.
The retailer’s Atacadao unit posted a 30% growth in net sales.
The company’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 24.5% to 1.7 billion reais.
Operating expenses were at 2.86 billion reais, a 28% rise from a year earlier.
($1 = 5.3522 reais)
(Reporting by Andre Romani; Writing by Carolina Pulice)
