D&S Targets Low Income Consumers

The largest supermarket operator in Chile, Distribución y Servicio (D&S), has announced an increase in sales and profits for the first half of 2008. D&S reports that total revenues for the period increased by 4.3% to reach CLP972,642mn (US$1,969mn), thanks to a 3.7% increase in sales and a 7% increase in revenue from other sources. Meanwhile, the firm's net profit for the period increased by 21.3% to reach CLP28,141mn (US$), thanks to a big reduction in operating

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