Gross Revenue Grows 26.1% And Own GLA Grows 10.4% In 2Q12 Over 2Q11
SAO PAULO, Aug. 15, 2012 /PRNewswire/ -- General Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces 2Q12 earnings results.
- General Shopping Brasil's Gross Revenue in the second quarter of 2012 (2Q12) totaled R$ 44.1 million, up 26.1% over the R$ 34.9 million reached in the second quarter of 2011 (2Q11). In 1H12, Gross Revenue grew 25.4% over 1H11, reaching R$ 85.0 million.
- Consolidated NOI reached R$ 35.7 million in 2Q12, with margin at 86.3%, up 24.0% in comparison with the R$ 28.7 million registered in 2Q11. In 1H12, Consolidated NOI totaled R$ 69.1 million, with margin at 87.1%, up 24.3% in comparison with 1H11.
- Gross Profit in 2Q12 was R$ 31.7 million, with a 76.8% margin and a 21.1% increase in comparison with the R$ 26.2 million of 2T11. In 1H12, Gross Profit totaled R$ 61.7 million, with margin at 77.7%, up 21.9% in comparison with 1H11.
- Adjusted EBITDA reached R$ 28.4 million in 2Q12, with margin at 68.7%, up 24.1% over the R$ 22.9 million registered in 2Q11. In 1H12, Adjusted EBITDA was R$ 55.2 million, with margin at 69.5%, up 25.2% in comparison with 1H11.
For more information about the performance of the GSB, see the release on the link below:
http://firb.com/general_shopping/GSB_release_2Q12.pdf
CONFERENCE CALLS ON THE 2Q12
What: General Shopping Brasil 2nd Quarter 2012 Earnings Conference Call
When: Wednesday, August 15, 2012 @ 07:00 AM EDT in Portuguese and 08:00 AM EDT in English.
Where: http://www.mediatown.com.br/prnewswire/player/?id=929
(portuguese)
http://www.mediatown.com.br/prnewswire/player/?id=930
(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: 1-855-281-6021 (toll-free from the US); from Brazil: 11 4706-0951; from other countries: 1-786-924-6977
SOURCE General Shopping Brasil S.A.
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