date:Oct 18, 2013
ficient distribution in its appliance unit.
Ongoing consolidation of the merger that formed the appliance and furniture unit, ViaVarejo SA, lifted its operating profit by 55 percent and raised its contribution to net income from one third to one half of the group's total.
The group's earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, rose 30 percent to 1.036 billion reais, above an average forecast of 960 million.