Grupo De Moda Soma S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 11:13 pm EDT
Share
Grupo de Moda SOMA S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was BRL 506.6 million compared to BRL 188.4 million a year ago. Operating income was BRL 75 million compared to operating loss of BRL 55.8 million a year ago. Net income was BRL 66.2 million compared to net loss of BRL 32.8 million a year ago. For the half year, sales was BRL 860.2 million compared to BRL 482.9 million a year ago. Operating income was BRL 77.9 million compared to operating loss of BRL 100.2 million a year ago. Net income was BRL 81.1 million compared to net loss of BRL 76.2 million a year ago.
Grupo de Moda SOMA SA, formerly known RBX Rio Comercio de Roupas SA is a Brazil-based company active in the fashion industry. The Company operates a platform of exclusive fashion brands, such as Fabula, a children's clothing retailer that offers garments for boys, girls and infants; Foxton, a Brazilian retailer of clothes, footwear, and accessories; Maria Filo, a fashion brand with womenâs clothing, jewelry and bags in its offering, Off Premium, a brand that offers female and masculine fashion, as well as Hering, a fashion brand that offers sport clothes, among others. The Company has several subsidiaries, including Plantage Rio, Inc, Cidade Maravilhosa Industria e Comercio de Roupas SA, SOMA Ventures Participacoes Ltda as well as ByNV Comercio Varejista de Artigos do Vestuario SA.