CBD Q1 Net Profit Rises 26%

Companhia Brasileira de Distribuicao CBD reported a 25.8% rise in its first-quarter net profit. Its quarterly net profit climbed to 167 million Brazilian reais ($87 million). Its net sales surged 12% y/y to BRL12.15 billion. Its earnings before interest, taxes, depreciation and amortization climbed to BRL758 million from BRL583 million. CBD shares closed at $46.09 yesterday.