Brazil retailer Magazine Luiza swings back to profit in fourth quarter-March 2024-www.financetom.com

Brazil retailer Magazine Luiza swings back to profit in fourth quarter

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Brazil retailer Magazine Luiza swings back to profit in fourth quarter

Mar 18, 2024 5:01 PM

SAO PAULO, March 18 (Reuters) - Brazilian retailer

Magazine Luiza posted a net profit of 212.2 million

reais ($42.24 million) for the fourth quarter on Monday,

reversing a loss from a year earlier.

The profit compares to a 35.9 million real net loss in the

same period a year earlier.

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