Forus S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 27, 2021 at 09:29 am EST
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Forus S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was CLP 67,337.717 million compared to CLP 57,418.694 million a year ago. Net income was CLP 5,345.054 million compared to net loss of CLP 141.398 million a year ago. Basic earnings per share from continuing operations was CLP 20.9. For the full year, sales was CLP 184,449.186 million compared to CLP 237,560.015 million a year ago. Net income was CLP 4,719.619 million compared to CLP 23,388.501 million a year ago. Basic earnings per share from continuing operations was CLP 17.6 compared to CLP 90.5 a year ago.
Forus SA is a Chile-based company primarily engaged in the footwear and apparel retail. The Company focuses on the design, production and distribution of footwear, apparel and accessories for men, women and children. The Company's activities are divided into two business segments: Retail, which sells goods through retail and online stores, and Wholesale, which distributes goods through department stores, owned by Cencosud Retail SA, Falabella Retail SA and Ripley Corp SA, among others. The Company offers products under a range of brand names, including Hush Puppies, Cat, Merrell, Columbia, Mountain Hardwear, Azaleia, Sebago, Nine West, Brooks, Calpany, Skullcandy and Norseg, among others. Its distribution network includes point of sales located in Chile, Uruguay, Peru and Colombia. The Company operates through a number of subsidiaries, such as as Uruforus SA, Peru Forus SA and Forus Colombia SAS. The Company is controlled by Inversiones Costanera Ltda.
FORUS S.A. 
