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The crisis would be & # 39; e Argentina Cencosud



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Chilean multinational consortium Cencosud SA (Shopping Centers Sudamericanos SA), the owners of the Jumbo, Easy, supermarkets View disk, among others, has been affected by the crisis in Argentina in the past year, according to La Tercera de Chile while achieved a profit of $ 275 million, he said profit was 56.5% lower than in 2017.

"Argentina devalued by 50% year on year and by 9% in Brazil," said Maria Soledad Fernandez, Investor Relations Manager Cencosud, during a press conference.

Crisis in Argentina, the consortium reported lower profit for its fourth quarter (considered a good sales season for the holidays this year) in the last five years.

In a statement, the consortium said that among other things "less revenue is mainly due to macroeconomic pressures in Argentina."

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