SAO PAULO, Nov. 13, 2014 /PRNewswire/ -- General
Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest
shopping mall companies in Brazil,
announces 3Q14 earnings results.
- General Shopping Brasil S/A reported third quarter - 3Q14 -
Gross Revenue of R$ 68.3 million,
representing a growth of 17.7% compared with R$ 58.0 million in the third quarter of 2013 -
3Q13. In the first nine months of 2014 - 9M14, gross revenue rose
to R$ 201.7 million, an 18.5%
increase in relation to 9M13.
- Consolidated Net Operating Income (NOI) for 3Q14 was
R$ 54.6 million, corresponding to a
margin of 86.7% and a growth of 17.9% when compared with the
R$ 46.3 million posted in 3Q13. In
9M14, consolidated NOI amounted to R$ 160.3
million, representing a margin of 86.5% and a growth of
18.0% against 9M13.
- The Company recorded a 3Q14 Gross Profit of R$ 47.9 million, equivalent to a margin of 76.0%
and growth of 14.7% compared with R$ 41.7
million reported in 3Q13. In 9M14, Gross Profit totaled
R$ 141.1 million, equivalent to a
margin of 76.1% and a growth of 17.0% in relation to 9M13.
- Adjusted EBITDA in 3Q14 reached R$ 45.2
million, corresponding to a margin of 71.7% and growth of
24.4% compared with R$ 36.3 million
reported in 3Q13. In 9M14, adjusted EBITDA was R$ 130.5 million, equivalent to a margin of
70.4%, a growth of 21.2% compared with 9M13.
For more information about the performance of the GSB, see the
release on the link below:
http://www.firb.com/general_shopping/GSB_release_3Q14.pdf
CONFERENCE CALLS ON THE 3Q14
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What:
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General Shopping
Brasil's 3Q14 Earnings Conference Call
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When:
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Friday November 14,
2014 @ 12:00 PM in Portuguese and 1:00 PM in English.
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Where:
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http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1286
(portuguese)
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http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1287
(english)
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How:
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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:
1-786-924-6977; 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.
