SMU S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 17, 2022 at 01:26 am
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SMU S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CLF 671,635.3 million compared to CLF 577,637.02 million a year ago. Net income was CLF 21,690.45 million compared to CLF 19,109.72 million a year ago. Basic earnings per share from continuing operations was CLF 3.76 compared to CLF 3.17 a year ago. Diluted earnings per share from continuing operations was CLF 3.76 compared to CLF 3.17 a year ago. Basic earnings per share was CLF 3.76 compared to CLF 3.31 a year ago. Diluted earnings per share was CLF 3.76 compared to CLF 3.31 a year ago.
For the six months, sales was CLF 1,336,865.22 million compared to CLF 1,143,088 million a year ago. Net income was CLF 71,491.72 million compared to CLF 24,153.04 million a year ago. Basic earnings per share from continuing operations was CLF 12.29 compared to CLF 3.85 a year ago. Diluted earnings per share from continuing operations was CLF 12.29 compared to CLF 3.85 a year ago. Basic earnings per share was CLF 12.38 compared to CLF 4.18 a year ago. Diluted earnings per share was CLF 12.38 compared to CLF 4.18 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. 
