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:
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.
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@example.com, or Silvia Pinheiro, from FIRB - Financial Investor Relations Brasil - + 55 11 3500-5564, firstname.lastname@example.org
SOURCE General Shopping Brasil S.A.