C&A Modas S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 06:49 pm EDT
Share
C&A Modas S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was BRL 294.492 million compared to BRL 1,260.330 million a year ago. Operating loss was BRL 244.485 million compared to operating Income of BRL 72.129 million a year ago. Net loss was BRL 192.081 million compared to net income of BRL 25.769 million a year ago. For the half year, sales was BRL 1,271.342 million compared to BRL 2,300.843 million a year ago. Operating loss was BRL 294.404 million compared to operating Income of BRL 682.975 million a year ago. Net loss was BRL 247.446 million compared to net income of BRL 777.205 million a year ago.
C&A Modas SA, formerly know as C&A Modas Ltda, is a Brazil-based fashion company, which manages a retail chain of shops and a Web portal. The Company sells a variety of products, such as apparel, accessories and footwear for men, women and children; cosmetics for both man and woman; electronic devices, including smartphones, notebooks, tablets and related accessories, among others. Its offering includes also products from different brands that customer can buy also through a mobile application.