Wednesday, August 3, 2011

Falabella profits grew 26% in June to $ 436 million

During the period total revenues rose 17.6% to U.S. $ 5,164 million. Meanwhile, in the second quarter earnings were $ 232 million, 13.7% higher than in the same period in 2010.

Falabella's earnings grew 25.8% in the first half of the year to $ 204,333 million (U.S. $ 436 million), according to the holding in one essential fact Superintencencia sent to the Securities and Insurance (SVS).

The revenue totals to June 2011 increased 17.6% to $ 2,417,791 million, about U.S. $ 5,164 million.

Meanwhile, in the second quarter, earnings totaled $ 108,648 of holding million (U.S. $ 232 million), 13.7% higher than in the same period in 2010.

Consolidated revenues for the quarter increased 13.3% to $ 1,249,164 million (U.S. $ 2,668 million), which are explained by the "high levels of consumption, the product of good time by passing the region and the largest number of stores opened late last year, "the company said in the document sent to the SVS.

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