Mall Plaza utility plummets in Q4 due to social unrest

Chile’s Mall Plaza recorded a 15% drop in revenues (CL$72.3 billion), and a 21% increase in sales costs (CL$25 billion) in Q4 2019. Administrative and sales expenses jumped up to 39%. Revenue decline in its 11 malls is explained “mainly by effects associated with events after October 18 in Chile,” said the company operated by Falabella, one of the largest retail companies in Latin America.

Source: Radio Santiago