Brazil's GPA net revenue up 3 pct to $5.1 bln in Q1 - statement
BRASILIA, April 12 (Reuters) - GPA SA, Brazil's largest diversified retailer, on Tuesday reported net revenue of 17.8 billion reais ($5.11 billion) in the first quarter, up 3 percent from the first three months of last year.
Net revenue at stores open for more than a year, a gauge of recurring sales activity for retailing companies, rose 0.8 percent, the company said in a statement. GPA is controlled by France's Casino Guichard Perrachon & Cie.
($1 = 3.4824 Brazilian reais) (Reporting by Priscila Jordão; Writing by Silvio Cascione)
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