Casino-owned Exito has reported net profit of COP58.8bn (£19.52m) in the third quarter, 59% more than the previous year.

The grocery retailer’s operating profit increased 18.7% to COP74.5bn (£24.74m), while sales rose 15.6% to COP2.03trn (£1.01bn).

Exito opened 36 new stores in the first nine months of the year, reaching a total of 325.