Falabella, one of the largest retail groups in the region, recorded a profit of 184.788 million pes

Falabella, one of the largest retail groups in the region, recorded a profit of 184.788 million pesos (US $ 305 million) between October and December, above that expected by analysts.
Santiago. The Chilean retailer Falabella Tuesday reported an annual increase of 10% in its profit for the fourth quarter of 2014 due to an increase in revenues and the incorporation of assets in Peru.
The retailer, with operating units in Argentina, Brazil, Chile, Colombia, Peru and Uruguay, said revenue grew 13% in the last three months of last year to $ 3.705 million, driven by the consolidation of Maestro shopping outlet chain Peru and increased sales area.
Acquired in September Falabella chain of home improvement stores Maestro for about US $ 490 million operation funded entirely by international shopping outlet banks. Falabella, which closed 2014 with a total of 440 stores and 38 shopping centers shopping outlet in Latin America, plans to invest US $ 4,363 million in the next four years to strengthen shopping outlet and expand their businesses in the region.
"These results (financial) are especially positive in a regional economic scenario of lower growth, with increases in the exchange rate and inflation by more than expected," said Sandro Solari, corporate general manager of Falabella.
Falabella, which closed 2014 with a total of 440 stores and 38 shopping centers in Latin America, plans to invest US $ 4,363 million in the next four years to strengthen and expand their businesses shopping outlet in the region.
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