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Companhia Brasileira de Distribuiçí£o posts Q2 profit

Companhia Brasileira de Distribuição said its normalized net income for the second quarter was 213.9 million reais.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.7%.

Total revenue came to 16.68 billion reais, and total operating expenses came to 16.27 billion reais.

Reported net income came to a loss of 275.0 million reais, or a loss of 1.03 reais per share.

As of July 28, US$1 was equivalent to 3.27 reais.