General Shopping Brasil Gross Revenue Increased 16.5% and NOI 19.0% in the Second Quarter of 2011
SAO PAULO, Aug. 15, 2011 /PRNewswire/ -- General Shopping Brasil S.A. [BM&FBovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces its second quarter of 2011.
- General Shopping Brasil's gross revenue in the second quarter of 2011 (2Q11) totaled R$ 34.9 million, up 16.5% over the R$ 30.0 million reached in the second quarter of 2010 (2Q10). Gross revenue grew 14.6% in the first half of 2011 (1H11) in comparison with 1H10, reaching R$ 67.8 million.
- Consolidated NOI registered R$ 28.7 million in 2Q11, with margin at 88.3% and a growth of 19.0% in relation to the R$ 24.1 million registered in 2Q10. In 1H11, consolidated NOI was R$ 55.6 million, with margin of 88.1% and a growth of 18.7% in comparison with 1H10.
- Gross Profit registered R$ 26.2 million in 2Q11, with margin at 80.6% and a growth of 19.1% as compared with the R$ 22.0 million of 2Q10. In 1H11, gross profit totaled R$ 50.6 million, with margin of 80.1% and a growth of 19.4% in comparison with 1H10.
- Adjusted EBITDA in 2Q11 hit R$ 22.9 million in 2Q11, with margin at 70.3% and a growth of 17.1% in relation to the R$ 19.5 million in 2Q10. In 1H11, adjusted EBITDA totaled R$ 44.1 million, with margin of 69.8% and a growth of 15.4% in comparison with 1H10.
- Adjusted FFO totaled R$ 13.8 million in 2Q11, with margin of 42.4%, and a growth of R$ 11.5 million as compared with the R$ 2.3 million of 2Q10. In 1H11, adjusted FFO amounted to R$ 20.2 million, with margin of 32.0% and a growth of R$ 15.9 million in relation to 1H10.
- Adjusted Net Result totaled R$ 11.2 million in 2Q11, with margin of 34.4% and growth of R$ 11.1 million as compared with that of 2Q10. In 1H11, adjusted net profit reached R$ 15.0 million, with margin of 23.7% and a growth of R$ 15.3 million in relation to 1H10.
http://release.firb.com/general_shopping/GSB_release_2Q11.pdf
CONFERENCE CALLS ON THE 2Q11
What: |
General Shopping Brasil 2nd Quarter 2011 Earnings Conference Call |
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When. |
Tuesday, August 16, 2011 at 09:00 AM EST in Portuguese and 10:00 AM EST in English |
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Where: : |
http://www.mediatown.com.br/prnewswire/player/?id=705 (portuguese) |
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http://www.mediatown.com.br/prnewswire/player/?id=706 (english) |
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How: |
Live over the Internet -- Simply log on to the web at the address above. |
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Conference call dial-in phone numbers: From the US: 1-888-700-0802 (toll-free from the US); from Brazil: 11 2104-8901; from other countries: 1-786-924-6977
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]
If you are unable to participate during the live webcast, the call will be archived at http://www.generalshopping.com.br. To access the replay, click on Investors Section.
SOURCE General Shopping Brasil S.A.
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