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Carrefour Brasil Reports Strong Profit Gains For 3Q 2017

November 9, 2017: 12:00 AM EST
Grupo Carrefour Brasil, French retailer Carrefour's Brazilian unit, reported net profit almost doubled to 581 million reais, or $179 million, in the third quarter of 2017. For the same quarter in the previous year, the company reported net profit of 292 million reais. Earnings before interest, tax, depreciation, and amortization was 845 million reais, an increase of 6.9 percent compared with the same period in the previous year.
Gram Slattery and Bruno Federowski, "UPDATE 1-Carrefour Brasil's third-quarter profit jumps on cash-and-carry sales", Reuters , November 09, 2017, © Reuters
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