Brazil retailer GPA posts 2 pct drop in 4th-quarter profit
SAO PAULO Feb 12 (Reuters) - Brazil's biggest retailer, GPA SA, posted a fourth-quarter profit of 673 million reais ($239 million), down 2 percent from a year earlier, according to a securities filing on Thursday.
Net income beat an average forecast of 635 million reais in a Reuters poll of analysts.
Earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as Ebitda, rose 24 percent to 1.622 billion reais, missing an average forecast of 1.854 billion reais.
($1 = 2.82 reais) (Reporting by Brad Haynes and Luciana Bruno; Editing by Leslie Adler)
© Thomson Reuters 2017 All rights reserved.