SMU S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 08:57 pm EDT
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SMU S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CLP 665,229.92 million compared to CLP 565,450.98 million a year ago. Net income was CLP 49,801.27 million compared to CLP 5,043.32 million a year ago. Basic earnings per share from continuing operations was CLP 8.53 compared to CLP 0.68 a year ago. Diluted earnings per share from continuing operations was CLP 8.53 compared to CLP 0.68 a year ago. Basic earnings per share was CLP 8.62 compared to CLP 0.87 a year ago. Diluted earnings per share was CLP 8.62 compared to CLP 0.87 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. 
