SMU S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022
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SMU S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CLP 723,462 million compared to CLP 633,679 million a year ago. Net income was CLP 29,344 million compared to CLP 22,571 million a year ago.
For the nine months, sales was CLP 2,060,327 million compared to CLP 1,776,767 million a year ago. Net income was CLP 100,836 million compared to CLP 46,724 million a year ago.
SMU SA is a Chile-based company primarily engaged in the food retail. The Company's activities are divided into two business segments: Supermarkets and Construction supplies. The Supermarkets division focuses on the sale and distribution of grocery and other non-food products through various supermarket chains in Chile and Peru, such as Unimarc, Mayorista 10, Alvi, Mayorsa and Maxi Ahorro. It also operates convenience stores under the OK Market brand name, as well as offers Internet and telephone shopping under the Telemercados brand name. The Construction supplies division is responsible for the retail of building materials in Chile through the Construmart and Ferrexperto stores. The Company owns a number of subsidiaries, including Inversiones SMU SpA, Omicron SpA and Corp Fidelidad SA, among others.
SMU S.A. 
