Cencosud Needs To Find Fix To Peruvian Problem

Chilean retail group Cencosud has announced a sharp increase in revenues and profits for the third quarter of the year. In the three months to the end of September, the firm's sales increased by 13% to CLP1.5trn, while net profits surged by 18.9% to CLP45.3bn (US$94mn). On a regional basis the results continued on their recent trend (see chart), with sales accelerating in Argentina (aided by very high inflation) and growing strongly in Chile and Brazil. The one disappointment during the quarter was its performance in Peru, where despite a favourable economic backdrop the firm seems to be struggling to

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