INCREDIBLE IMPROVEMENT IN GRUPO EXITO PROFITS

INCREDIBLE IMPROVEMENT IN GRUPO EXITO PROFITS

The Colombian retail company, Grupo Exito, which has been making largest real state deals, presented its earnings report for the first semester of the year.

Their operative incomes were 4.33 billion dollars with a 9.30% growth in the first semester of the year in relation with the same period of 2011. The net income of the company in the first semester of 2012 was 177.368 million COP$, which represented an increase of 63.30% being one of the largest and best performance in the Colombian economy for a company listed in the Colombian Stock Exchange.

The company, as many companies in Colombia and in the world, had an outstanding cost management in order to improve in efficiency, competitiveness and to provide its shareholders with the best profit possible.

This earning report will have a positive impact in the market value of the Grupo Exito share in today’s Colombian Stock Exchange, after close in negative field yesterday, losing 260 COP$ of value per share.