Cencosud sales up 16.1% to £7.3bn

Cencosud has posted a 16.1% increase in net sales to CLP6.19 trillion (£7.3bn) for 2010, while operating profit reached CLP306.5bn (£364m), as domestic demand recovered from the global financial crisis.

Cencosud’s Chilean operations account for 46% of annual revenue, while the remainder comes from its four other South American operations.