Dia supermarket group cuts losses and maintains turnover

Dia stores show slight increase in turnover Credit: Dia media centre

THINGS are beginning to look up for troubled Spanish supermarket Dia which is owned by a Russian investor through holdings in Luxembourg as losses were halved in 2020.

Despite closing 457 across its operations in Argentina, Brazil, Portugal and Spain it increased sales by 0.2 per cent to €6.882 billion and losses dropped by 7.54 per cent to €363.8 million.

Even devaluation in Argentina and Brazil didn’t really hurt income and online sales have shown a growth benefiting also from its arrangement with Santander Bank to accept the Bizum payment App online.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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