Lojas Americanas S.A. Announces Consolidated and Parent Earnings Results for the First Half of 2018
August 10, 2018 at 01:30 pm EDT
Lojas Americanas S.A. announced consolidated and parent earnings results for the first half of 2018. For the period, the company reported consolidated net revenues reached BRL 7.8 billion or 8.1% increase over first half '17. Consolidated gross profit for the semester was BRL 2.6 billion, 15.2% increase. Consolidated EBITDA totaled BRL 1.1 billion or 10.4% increase or EBITDA margin of 14.1%, 0.3 percentage point increase compared to the first half 2017. From a consolidated perspective, net revenues reached BRL 4.9 billion, 13% increase over the first half of 2017. In the same-store concept, net revenues reached growth of 9.4% in the first half of the year, which is the highest growth since 2014.
The parent company posted a 13% growth in net revenue and same-store growth of 9.4% the first half. It was the larger same-store growth of the past 4 years.