General Shopping - Company reports a Consolidated NOI of R$ 52.8 million in 1Q15 with a margin of 88.5%

May 15, 2015, 07:23 ET from General Shopping Brasil S.A.

SAO PAULO, May 15, 2015 /PRNewswire/ -- General Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces 1Q15 earnings results.

  • General Shopping Brasil S/A reported a first quarter 2015 - 1Q15 – Gross Revenue of R$ 66.1 million, a reduction of 0.6% compared with the R$ 66.6 million in the first quarter of 2014 - 1Q14.
  • First quarter 2015 Consolidated Net Operating Income (NOI) registered R$ 52.8 million, corresponding to a margin of 88.5% and a slight reduction of 0.1% in relation to the R$ 52.9 million recorded in 1Q14.
  • Gross Profit in 1Q15 was R$ 52.1 million, a reduction of 0.2% compared to the R$ 52.2 million in 1Q14.
  • The Company posted an adjusted EBITDA in 1Q15 of R$ 42.1 million, with a margin of 70.7% and a reduction of 1.2% in relation to the R$ 42.6 million recorded in 1Q14.

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

http://www.firb.com/general_shopping/GSB_release_1Q15.pdf

CONFERENCE CALLS ON THE 1Q15

What:     General Shopping Brasil's  1Q15 Earnings Conference Call

When:   Friday  May 15, 2015 @ 1:00 PM (EDT) in Portuguese and 2:00 PM (EDT) in English.

Where: http://mediatown.com.br/system/player/index.php?id_evento=48
                    (portuguese)

           http://mediatown.com.br/system/player/index.php?id_evento=49
                       (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, dri@generalshopping.com.br, or Silvia Pinheiro, from FIRB - Financial Investor Relations Brasil - + 55 11 3500-5564, silvia.pinheiro@firb.com

SOURCE General Shopping Brasil S.A.



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