Hypermarcas 168.7 percent more profit in Q3

São Paulo – Hypermarcas registered net profits in the third quarter of R$ 202,500,000, 168.7 percent greater than in the same period last year.
The company also presents the result on the criterion of continued operations, whereby net profit increased to 211.7% R$ 183,900,000, mainly by improving the operating performance and net financial expenses reversal of R$ 141,900,000 in the third quarter of 2015 for net financial revenue of 700,000 R$ in this exercise, as management report accompanying the balance.
The company points out that the result does not include gains related to the sale of the business to condoms, which was completed at the beginning of the fourth quarter of this year. The closing of the sale of the business to Reckitt Benckiser Brazil generated receipt of R$ 570,800,000 in October, equivalent to the remaining amount of the total price, R$ 705,800,000.
In this way, the pro forma net cash position of the company was R$ 722,600,000 at the beginning of the fourth quarter. The data on the third quarter was R$ 151,800,000, after payment of dividends and share buyback.
The Ebitda (earnings before interest, taxes, depreciation and amortization) continued operations was in R$ 255,500,000, 14.3% higher on the same basis of comparison, with margin of 31.5%, 1.2 percentage point higher than the third quarter of 2015.
Net sales had increased 9.8 percent, to 811 million R$.