SAO PAULO, March 27, 2013 /PRNewswire/ -- General
Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest
shopping mall companies in Brazil,
announces 4Q12 and 2012 earnings results.
- General Shopping Brasil's Gross Revenue in the fourth quarter
of 2012 (4Q12) totaled R$ 61.5
million, up 42.1% over the R$ 43.3
million in revenue reached in the fourth quarter of 2011
(4Q11). Gross revenue grew 33.3% in 2012 in comparison with 2011,
reaching R$ 196.1 million.
- Consolidated NOI registered R$ 48.5
million in 4Q12, with margin at 85.5% and a growth of 35.0%
in relation to the R$ 35.9 million
registered in 4Q11. In 2012, consolidated NOI was R$ 158.9 million, with margin of 87.1% and a
growth of 31.0% in comparison with 2011.
- Gross Profit registered R$ 45.0
million in 4Q12, with margin at 79.4% and a growth of 42.5%
as compared with the R$ 31.6 million
of 4Q11. In 2012, gross profit totaled R$
144.4 million, with margin of 79.2% and a growth of 32.1% in
comparison with 2011.
- Adjusted EBITDA reached R$ 38.7
million in 4Q12, with margin at 68.3% and a growth of 31.5%
in relation to the R$ 29.5 million in
4Q11. In 2012, adjusted EBITDA totaled R$
125.9 million, with margin of 69.1% and a growth of 27.7% in
comparison with 2011.
For more information about the performance of the GSB, see the
release on the link below:
http://www.firb.com/general_shopping/GSB_release_4Q12.pdf
CONFERENCE CALLS ON THE 4Q12 and 2012
What: General Shopping Brasil
4th Quarter and 2012 Earnings Conference Call
When: Thursday,
March 28, 2013 @ 02:00 PM EDT
in Portuguese and 03:00 PM EDT in
English.
Where: http://www.mediatown.com.br/prnewswire/player/?id=1074
(portuguese)
http://www.mediatown.com.br/prnewswire/player/?id=1075
(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 4688-6361; from other countries:
1-786-924-6977
SOURCE General Shopping Brasil S/A
