Company Profile For Organizacion Soriana SAB de CV

Organizacion Soriana SAB de CV (Soriana) is a Mexico-based company engaged in operating self-service chain stores that sell clothes, food, general merchandise, healthcare products, among others. The Company is also involved in the real estate business. Additionally, from 2008, as a result of a strategic alliance with Banamex, it offers various value-added financial products. Soriana operates under various types of stores such as Hipermercado Soriana, Soriana Mercado, Soriana Super. It also operates a chain of members-only club stores City Club, engaged in the marketing of wholesale and semi-wholesale products. In addition, the Company operates Super City, a chain of convenience stores, through a franchise scheme. The principal subsidiaries of Soriana are Tiendas Soriana SA de CV and Centros Comerciales Soriana SA de CV, among others. Through its subsidiary, Tiendas Soriana SA de CV, the Company controls indirect Gigante SA de CV.

BRIEF: For the nine months ended 30 September 2009, Organizacion Soriana SA de CV's total revenue decreased 4% to PS66.18B. Net income for the period increased 28% to PS1.85B. Total revenue reflects a slight decrease in demand for the Company's products and services. Net income for the period benefited from lower interest and other expenses as well as from a considerably decreased loss on foreign exchange difference.