--Falabella profit rose in 2011 but fell in the fourth quarter
--Factoring out one-time sale of drugstore stake in 2010, 2011 profit rose 9.8%
--Ebitda for the fourth quarter rose 8% on the year
(Updates with additional information from the company.)
Chilean department store retailer SACI Falabella's (FALABELLA.SN) net profit in 2011 rose 2.4% from the previous year to 423.05 billion pesos ($861 million), the company reported late Tuesday.
Fourth-quarter net profit, however, fell 15.9% to CLP142.17 billion, the company said.
In its filing, the company noted that excluding the one-time effect of the sale of a 20% stake in drug store chain Farmacias Ahumada in October 2010, 2011 earnings increased 9.8% year-on-year.
The company's earnings before income tax, depreciation and amortization, or Ebitda, for the the fourth quarter rose 8% on the year to CLP256.19 billion, and its Ebitda margen reached 16.9% versus 18.5% in the final quarter of 2010.
The retailer operates more than 200 stores in Chile, Peru, Argentina and Colombia. It also owns 13 shopping centers through its 59.3% stake in Mall Plaza SA.
Falabella was recently trading 0.6% lower on the Santiago Stock Exchange at CLP4,595.00 whle the IPSA blue-chip index was shedding 0.1%.
In the past 52 weeks, Falabella has traded at a high of CLP5,281.60 and a low at CLP3,716.10.
-By Carolina Pica, Dow Jones Newswires; 56-2-715-8919; email@example.com