Falabella S.A. Reports Earnings Results for the Nine Months Ended September 30, 2020
November 11, 2020 at 04:52 am EST
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Falabella S.A. Announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CLP 5,563,468.360 million compared to CLP 5,802,437.766 million a year ago. Net loss was CLP 107,534.779 million compared to net income of CLP 216,629.233 million a year ago. Basic loss per share was CLP 43 compared to basic earnings per share of CLP 86 a year ago.
Falabella SA, formerly SACI Falabella, is a Chile-based company managing an online and offline retail platform. It operates seven business segments: Department Stores, Home Improvement, Supermarkets, Promotora CMR, Real Estate, Banking Business and Other Businesses. Department Stores sales, under the Falabella brand, a range of products, including retail sales of clothing, accessories and products for the home, electronics, beauty products and others. Home Improvement sales, under the Sodimac brand, building and home improvement products, including building materials, hardware, tools, and accessories for kitchen, bathroom, garden and decoration, among others. Supermarkets manages hypermarkets and supermarkets under the Tottus brand. Promotora CMR provides the CMR credit card. Real Estate operates constructing and leasing malls. Banking Business covers all banking activities. Other Businesses includes all the other activities. The Company operates in Latin America.
FALABELLA S.A. 
