UPDATE 1-Brazil's GPA posts steeper net loss in first quarter

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Jun 17, 2007
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Brazilian food retailer GPA said on Tuesday its net loss for continuing operations widened by nearly 28% in the first quarter from a year earlier, hit by tax effects and an impairment related to a real estate sale. The company reported a net loss for continuing operations of 407 million reais ($80.2 million) in the quarter. Excluding those effects, GPA's net loss for the quarter would have been 197 million reais.
 
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