Brazil’s GPA posts steeper 1Q net loss as taxes, impairment weigh

The company reported a net loss for continuing operations of 407 million reais (US$80.2mil) in the quarter. — Reuters

SAO PAULO: Brazilian food retailer GPA says its first quarter net loss for continuing operations widened by nearly 28% from a year ago, weighed down by tax effects and an impairment related to a real estate sale.

The company reported a net loss for continuing operations of 407 million reais (US$80.2mil) in the quarter.

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