Medellin-based multinational grocery retailer Exito on May 16 posted a tiny COP$7.6 million (US$2,600) net loss for first quarter (1Q 2017), down slightly from an even more miniscule COP$760,000 (US$260) net profit in 1Q 2016. However, operating income rose 12.9% year-on-year, to COP$13.5 trillion (US$4.6 billion), while earnings before interest, taxes, depreciation and