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PriceSmart revenues surge but profits show drop

Wednesday, July 11, 2012

The US-based warehouse club chain PriceSmart reported an increase in revenue in its main markets in Central America.

However, the profits of the chain fell by 3 percent, due to higher costs and an increase in foreign currency transactions.

Similar companies, such as Costco, have been hit by costs in maintenance and merchandise.

Full story (in Spanish)