Cencosud intends to invest US$1.3B during 2012 on new stores in Chile, Peru, Brazil, Columbia; company expects to generate US$18B in revenue

LOS ANGELES , February 13, 2012 () – On Feb. 10, Cencosud SA, a Chilean holding company, announced that it intends to invest US$1.3 billion during 2012 and expects to generate $18 billion in revenue, Fox Business reported Feb. 10, 2012.

Of this $1.3 billion investment:

        • $413 million has been earmarked for two new shopping malls and 33 new stores in Chile
        • $198 million has been earmarked for 26 new stores in Brazil
        • $119 million has been earmarked for one new mall and 15 new supermarkets in Peru
        • $147 million has been earmarked for 27 new stores in Columbia
        • $3 million has been earmarked for one new home improvement store in Columbia

In a statement, Cencosud announced that, before amortization, depreciation and income taxes, it expected to post earnings of $1.58 billion in 2012.

The primary source of this article is Fox Business, New York, New York, on Feb. 10, 2012.

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