Grupo Fleury reported earnings results for the second quarter and six months of 2017. For the quarter, the company's gross revenue grew 12% in relation to second quarter of 2016, BRL 646.5 million. EBITDA was BRL 151.4 million, an increase of 24.1% in relation to second quarter of 2016 This result is due to the growth of net revenue together with the continuous effort to have efficiency gains and also due to the impact of expansion. Net profit was BRL 87.9 million. Operational cash flow, which registered BRL 161.4 million in the quarter, a reduction of 3.9%, due to noncash impact in the previous year. The cash generation in the period was BRL 10.3 million.

For the six months, the company reported net profit of BRL 169.4 million. The CapEx for the semester registered at BRL 124.2 million, a growth of 105.6%. EBITDA grew 33.2% compared to last year. Financial result reached an expense of BRL 29.6 million, stable in relation to previous years.

The company expects effective rate of 25.8% for 2017.