Brazil's GPA posts bigger-than-expected second-quarter loss

jueves 28 de julio de 2016 05:26 GYT

SAO PAULO, July 28 (Reuters) - GPA SA, Brazil's biggest retailer, posted a second-quarter net loss that was about five times bigger than expected, according to a securities filing on Thursday.

São Paulo-based GPA, which is controlled by France's Casino Guichard Perrachon & Cie, lost a net 583 million reais ($179 million) last quarter, missing a Thomson Reuters consensus estimate of 102 million reais.

Adjusted earnings before interest, taxes, depreciation and amortization was 760 million reais, beating consensus estimates of 461.4 million reais for the quarter.

($1 = 3.2592 Brazilian reais) (Reporting by Guillermo Parra-Bernal; editing by Susan Thomas)