SMU S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023
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SMU S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CLP 704,594 million compared to CLP 671,635 million a year ago. Net income was CLP 18,784 million compared to CLP 21,690 million a year ago.
For the six months, sales was CLP 1,408,833 million compared to CLP 1,336,865 million a year ago. Net income was CLP 40,995 million compared to CLP 71,492 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. 
