Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Intelligence
  • Advertising
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colombia’s Exito 2011 net profit up 53% on year to COP389.5B

by Adriaan Alsema February 22, 2012

Colombia exito

Almacenes Exito SA (EXITO.BO) posted a net profit of 389.5 billion Colombian pesos ($219 million) last year, a 53% increase from 2010, Colombia’s largest retailer said in a statement Tuesday.

Operating revenue reached COP8.8 trillion last year, up 18% from 2010, the company said. Exito is controlled by French retailer Casino Guichard-Perrachon SA (CO.FR).

Gonzalo Restrepo, Exito’s president, said in the statement the company “will concentrate on expansion” in 2012.

Exito is the market leader in Colombia with a share of more than 40% of the formal retail market. Last year it issued shares for COP2.5 trillion in the local stock exchange to help fund the purchase of Casino’s operations in Uruguay.

Exito’s shares on the Colombian Stock Exchange declined 0.3% Tuesday to COP25,320, compared with a 0.8% fall in the bourse’s main Colcap index.

economyExitoretail

Trending

  • Bogota and Medellin lock down as COVID saturates Colombia’s hospitals

  • Colombia discovers local coronavirus mutation

  • Colombia discards new COVID lockdown as new surge continues

Weekly interviews and news updates

Related articles

  • Colombia not considering new coronavirus lockdown

  • Duque goes blank as Colombia’s economic crisis turns catastrophic

  • The big think: should Colombia prioritize food or new sneakers?

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top