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CITY OF MEXICO – Liverpool reported Friday that its profits grew 23.3% a year in the second quarter, driven by higher revenues in all its business units.
The retailer, one of the largest chain stores by department in Mexico, it recorded a net profit of 2,712 million pesos ($ 136 million) between April and June 2018.
Its figure business grew by 9% per annum over the period, mainly due to an 8.8% growth in the commercial division, based on a 7.4% increase in same sales (of these stores with more than One year of operation) from its Liverpool stores and 11.3% in Suburbia clothing stores.
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In addition, the company's interest income increased 7.4% in the quarter, while those of its real estate division ia – which operates shopping centers – grew by 21.6% annually
In its report sent to the Mexican Stock Exchange (BMV), the company declared to recognize risk factors such as that competition, regulatory change and dependency Liverpool added that since the earthquake on September 19, the store located in the Galerías Coapa shopping center remains closed until the necessary changes are completed. It currently has 131 stores in the country.
The mall and the warehouse are expected to reopen this year, while the Suburbia clothing store will return to operations in 2019. He explained:
Lee: [19659005] The roof of Galleries Coapa catches on fire [19659010].
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