SAO PAULO, March 8 (Reuters) - Brazil retailer Magazine
Luiza reported profits of 523 million reais ($89.01
million) in the fourth quarter on Monday, in line with
expectations and 40% higher than last year as pandemic lockdowns
helped boost ecommerce demand.
Sales grew 66% to 14.9 billion reais, driven by its
ecommerce division which more than doubled in revenue.
($1 = 5.8755 reais)
(Reporting by Aluisio Alves
Editing by Chris Reese)