Brazil’s Assai net revenue grows 21% in Q1

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The logo of Assai is pictured next to the Brazilian national flag in Sao Paulo

(Reuters) – Brazilian cash-and-carry chain Assai reported on Tuesday first-quarter net revenue of 11.443 billion reais ($2.45 billion), 21.1% above the same period from 2021.

The figure reflects the high performance of the 32 stores inaugurated in the last 12 months, Assai said in a securities filing.

($1 = 4.6658 reais)

(Reporting by Peter Frontini; Editing by Leslie Adler)