SMU S.A. Announces Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2021
August 09, 2021 at 08:53 pm EDT
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SMU S.A. announces consolidated earnings results for the second quarter and first half ended June 30, 2021. For the quarter, the company reported revenue of CLP 591,865 million against CLP 525,011 million a year ago. Operating income was CLP 33,431 million against CLP 1,437 million a year ago. Net income of the period was CLP 19,110 million against loss of CLP 6,544 million a year ago.
For the first half, the company reported revenue of CLP 1,172,165 million against CLP 1,130,288 million a year ago. Operating income was CLP 64,900 million against CLP 33,495 million a year ago. Net income of the period was CLP 24,153 million against CLP 357 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. 
