October 16, 2017 / 11:36 AM / a month ago

Brazil's GPA net sales up 8.1 pct in the third quarter

BRASILIA, Oct 16 (Reuters) - Third-quarter net sales at Brazil’s GPA SA, Brazil’s No. 2 diversified retailer, rose 8.1 percent year-on-year to 10.9 billion reais ($3.45 billion).

GPA said in a statement on Monday that a 25.2 percent rise in cash-and-carry segment sales helped drive overall sales higher for the period. GPA is owned by France’s Casino Guichard Perrachon SA.

$1 = 3.1564 reais Reporting by Jake Spring; Editing by Chizu Nomiyama

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