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Almacenes Exito Posts First-Quarter Profit of 94 Billion Pesos

Almacenes Exito SA (EXITO), Colombia’s biggest publicly traded retailer, said first-quarter net income more than doubled to 93.8 billion pesos ($53.2 million).

The company announced the results late yesterday in an e- mailed statement. Interbolsa SA had projected first-quarter net income of 65.9 billion pesos, according to an April 20 research note.

To contact the reporter on this story: Christine Jenkins in New York at cjenkins28@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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