Cencosud S.A. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
January 29, 2015 at 06:59 pm IST
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Cencosud S.A. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues from ordinary activities of CLP 2,621,000.995 million compared to CLP 2,449,020.448 million for the same period a year ago. Operating profit was CLP 111,276.660 million compared to CLP 106,749.870 million for the same period a year ago. Profit before income tax was CLP 35,932.488 million against CLP 50,509.202 million for the same period a year ago. Loss from continuing operations was CLP 2,800.737 million against profit of CLP 31,785.074 million for the same period a year ago. Profit was CLP 1,149.925 million compared to CLP 43,659.733 million for the same period a year ago. Diluted loss per share from continuing operations were CLP 0.6 against diluted earnings per share of CLP 12.0 a year ago. Diluted earnings per share from continuing and discontinued operations attributable to controlling shareholders were CLP 0.9 against CLP 16.4 a year ago. Profit attributable to controlling shareholders was CLP 2,123.331 million compared to CLP 43,804.657 million for the same period a year ago.
For the nine months, the company reported revenues from ordinary activities of CLP 7,696,196.556 million compared to CLP 7,316,915.295 million for the same period a year ago. Operating profit was CLP 310,216.519 million compared to CLP 316,863.490 million for the same period a year ago. Profit before income tax was CLP 104,489.382 million against CLP 127,787.427 million for the same period a year ago. Profit from continuing operations was CLP 47,633.093 million against CLP 62,311.050 million for the same period a year ago. Profit was CLP 62,678.780 million compared to CLP 62,678.780 million for the same period a year ago. Diluted earnings per share from continuing operations were CLP 16.8 against CLP 23.2 a year ago. EBITDA from continuing operations was CLP 406,470 million against CLP 433,646 a year ago. Adjusted EBITDA from continuing operations was CLP 432,744 million against CLP 429,531 a year ago. Net cash flows from operating activities were CLP 87,340.124 million against CLP 127,261.931 million for the nine months ended September 30, 2013. Purchases of property, plant & equipment was CLP 172,915.790 million against CLP 249,718.171 million a year ago. Diluted earnings per share from continuing and discontinued operations attributable to controlling shareholders were CLP 22.1 against CLP 34.4 a year ago. Profit attributable to controlling shareholders was CLP 62,457.591 million compared to CLP 91,843.755 million for the same period a year ago.
Cencosud S.A. is a multi-brand retailer in South America. The Company operates through six segments: supermarkets, home improvement stores, department stores, shopping centers, financial services and Other. It is also engaged in the commercial real estate development business in Chile, Argentina, Colombia and Peru, with over 50 shopping malls representing approximately 794,590 square meters of gross leasable area. Additionally, the Company operates other lines of business that complement the main retail operations, such as insurance brokerage, travel agency, customer loyalty services and family entertainment centers. The Company offers private label credit cards, consumer loans and limited financial services to its retail customers. The Company has approximately 1,180 stores and shopping centers with an aggregate of approximately 4,416,700 square meters of selling space.
CENCOSUD S.A. 
