Brazil Pao de Acucar Q1 profit at $68.4 mln

SAO PAULO, May 13 (Reuters) - Grupo Pao de Acucar , Brazil's biggest diversified retailer, posted on Friday first-quarter net income of 110.85 million reais ($68.4 million), compared with a profit of 170.4 million reais in the same period of 2010.