SMU S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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SMU S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CLP 714,703 million compared to CLP 723,462 million a year ago. Net income was CLP 11,236 million compared to CLP 29,344 million a year ago.
For the nine months, sales was CLP 2,123,536 million compared to CLP 2,060,327 million a year ago. Net income was CLP 52,231 million compared to CLP 100,836 million a year ago.
SMU SA is a Chile-based company primarily engaged in the food retail. The Company's activities are divided into two business segments: Supermarkets and Construction supplies. The Supermarkets division focuses on the sale and distribution of grocery and other non-food products through various supermarket chains in Chile and Peru, such as Unimarc, Mayorista 10, Alvi, Mayorsa and Maxi Ahorro. It also operates convenience stores under the OK Market brand name, as well as offers Internet and telephone shopping under the Telemercados brand name. The Construction supplies division is responsible for the retail of building materials in Chile through the Construmart and Ferrexperto stores. The Company owns a number of subsidiaries, including Inversiones SMU SpA, Omicron SpA and Corp Fidelidad SA, among others.
SMU S.A. 
