date:Oct 18, 2013
Grupo Po de Acar , Brazil's biggest retailer, beat analyst forecasts on Wednesday with a 70 percent jump in profit due to robust sales growth and streamlined operations.
Po de Acar reported a third-quarter profit of 357 million reais ($165 million), up 70 percent from a year earlier, according to a securities filing. Excluding non-controlling shareholders, net income rose to 282 million reais, beating an estimate of 241 million reais in a Reuters poll.
By cutting administrative costs in its su