SYS-CON MEDIA Authors: Doug Masi, Mat Mathews, PR.com Newswire, David Smith, Tim Crawford

News Feed Item

General Shopping Brasil - Company reports an adjusted EBITDA of R$ 42.7 million, 15.8% higher than 2Q13

SAO PAULO, Aug. 14, 2014 /PRNewswire/ -- General Shopping Brasil S/A (BM&FBovespa: GSHP3), one of the largest shopping mall companies in Brazil, announces 2Q14 earnings results.

  • General Shopping Brasil S/A reported second quarter 2014 (2Q14) gross revenue of R$ 66.8 million, representing an increase of 15.8% compared with  R$ 57.7 million in the second quarter of 2013  (2Q13).  In the first half of 2014 - 1H14, gross revenue rose by 18.9% in relation to 1H13, reaching R$ 133.4 million.
  • Consolidated Net Operating Income (NOI) for 2Q14 was R$ 52.8 million, equivalent to a margin of 86.2% and growth of 14.8% in relation to the R$ 46.0 million in 2Q13. The Company reported a 1H14 consolidated NOI of R$ 105.7 million, equivalent to a margin of 86.4% and a growth of 18.0% when compared to 1H13.
  • The Company posted Gross Profit in 2Q14 of R$ 46.4 million, with a margin of 75.6% and growth of 13.6% compared with the R$ 40.8 million recorded for 2Q13. In 1H14, gross profit amounted to R$ 93.2 million, representing a margin of 76.2% and growth of 18.2% compared with 1H13.
  • Adjusted EBITDA in 2Q14 reached  R$ 42.7 million, that is a margin of 69.7% and a growth of 15.8% in relation to the R$ 36.9 million for 2Q13. In 1H14, Adjusted EBITDA was R$ 85.4 million, representing a margin of 69.8% and a growth of 19.6% compared with 1H13.

For more information about the performance of the GSB, see the release on the link below:

http://www.firb.com/general_shopping/GSB_release_2Q14.pdf

CONFERENCE CALLS ON THE 1Q14

What: General Shopping Brasil's  2Q14 Earnings Conference Call

When: Friday August 15, 2014 @ 3:00 PM in Portuguese and 4:00 PM in English.

Where: http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1272 
(portuguese)

http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1273  (english)   

How: Live over the Internet -- Simply log on to the web at the address above.

Conference call dial-in phone numbers: From the US: 1-786-924-6977; from Brazil: 11 3193-1001; from other countries: 1-888-700-0802

Contact: Investor Relations Area of General Shopping Brasil - + 55 11 3159-5100, [email protected], or Silvia Pinheiro, from FIRB - Financial Investor Relations Brasil - + 55 11 3500-5564, [email protected]

SOURCE General Shopping Brasil S.A.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.