Chilean retailer Cencosud sees big yearly jump in 1st qtr profit

miércoles 25 de mayo de 2016 17:54 GYT

SANTIAGO May 25 (Reuters) - Chilean retailer Cencosud reported a net profit of 107.7 billion pesos ($159.5 million) in the first quarter of 2016, a significant jump from a net profit of 22.059 billion pesos the same period last year.

The company said gains were due mainly to lowered costs and currency factors.

($1=675.1 pesos) (Reporting by Gram Slattery; Editing by Chris Reese)