Via Varejo S.A. announced unaudited pro-forma earnings results and audited earnings results for the first quarter ended March 31, 2017. For the quarter, on pro-forma basis, the company reported net sales of BRL 5,993 million against BRL 5,843 million a year ago. Earnings before interest and taxes - EBIT were BRL 226 million against loss of BRL 123 million a year ago. Earnings before income tax was BRL 86 million against loss of BRL 237 million a year ago. Net income was BRL 97 million against loss of BRL 237 million a year ago. EBITDA was BRL 308 million against LBITDA of BRL 55 million a year ago. Adjusted EBITDA was BRL 329 million against BRL 35 million a year ago. For the quarter, on audited basis, the company reported net sales of BRL 5,993 million against BRL 4,704 million a year ago. Earnings before interest and taxes - EBIT were BRL 226 million against BRL 64 million a year ago. Earnings before income tax was BRL 86 million against BRL 27 million a year ago. Net income was BRL 97 million against BRL 9 million a year ago. EBITDA was BRL 308 million against BRL 118 million a year ago. Adjusted EBITDA was BRL 329 million against BRL 158 million a year ago. Net cash used in operating activities was BRL 3,172 million against BRL 4,233 million a year ago. Acquisition of fixed and intangible assets was BRL 88 million against BRL 23 million a year ago. The net cash flow was largely due to the positive effect of the recovery in consolidated operating cash flow in first quarter of 2017 (positive EBITDA of 5.5%), the positive effect of the company's working capital dynamics of BRL 957 million, and the negative effect of the payment of a loan related to the transaction with Cnova N.V., in the approximate amount of BRL 588 million.