SMU S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 12, 2023
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SMU S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was CLP 765,986 million compared to CLP 695,611 million a year ago. Net income was CLP 31,251 million compared to CLP 28,982 million a year ago.
For the full year, the company reported sales was CLP 2,826,314 million compared to CLP 2,472,378 million a year ago. Net income was CLP 132,088 million compared to CLP 75,707 million a year ago.
SMU SA is a Chile-based company primarily engaged in the food retail. The Company's activities are divided into two business segments: Supermarkets and Construction supplies. The Supermarkets division focuses on the sale and distribution of grocery and other non-food products through various supermarket chains in Chile and Peru, such as Unimarc, Mayorista 10, Alvi, Mayorsa and Maxi Ahorro. It also operates convenience stores under the OK Market brand name, as well as offers Internet and telephone shopping under the Telemercados brand name. The Construction supplies division is responsible for the retail of building materials in Chile through the Construmart and Ferrexperto stores. The Company owns a number of subsidiaries, including Inversiones SMU SpA, Omicron SpA and Corp Fidelidad SA, among others.
SMU S.A. 
