SAO PAULO, Jan 12 (Reuters) - Shares in Brazilian shopping
mall operator Multiplan rose on Wednesday after it
reported its operational preview for the fourth quarter of 2021,
noting that figures came in above pre-pandemic levels.
Multiplan Empreendimentos Imobiliarios SA, as the company is
formally known, said in a securities filing that its quarterly
same store rent jumped 41.4% from the same period of 2019, while
same store sales rose 10.3%.
According to the company, sales were up 8.1% when compared
with the last quarter of 2019, before the COVID-19 pandemic
struck in Brazil. It said the figures were supported by a strong
performance during the holiday season.
"December was a major highlight, as sales reached 110.1% of
the sales seen in the same period of 2019 ... In the fourth
quarter, sales were above 2019 levels for the first time in the
year, totaling 5.6 billion reais ($1.01 billion)," Multiplan
Shares in the company soared 4.8% to 17.77 reais in early
morning trading, making it the biggest gainer on the broader
Bovespa index, which was up 1%.
Rivals BR Malls and Iguatemi were
also among the top gainers on the Bovespa, jumping about 3.5%
($1 = 5.5678 reais)
(Reporting by Gabriel Araujo
Editing by Mark Potter)