Brazil retailer GPA fourth-quarter profit jumps 28 pct

jueves 13 de febrero de 2014 19:09 GYT

SAO PAULO Feb 13 (Reuters) - GPA , Brazil's biggest retailer, posted a fourth-quarter profit of 687 million reais ($285 million), 28 percent higher than a year earlier, according to a Thursday securities filing.

Net income at the retailer controlled by French group Casino beat an average estimate of 560 million reais in a Reuters survey of analysts.

Earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, dipped 2 percent to 1.307 billion reais, below an average estimate of 1.507 billion reais.