The free market must invest $ $2 in Paid Market, in 2019

The Free Market should invest about $ $2 billion in 2019 as part of efforts to optimize the logistics structure and expand your services offer financial arm, the market Paid. The information has been provided by company executives to the Reuters news agency on Tuesday, 26. The amount, which includes costs of business structure, physical expansion and volume of products, expressed the desire of the largest e-commerce company in Latin America follow growing twice the market average, while advances in banking products in the Brazil. To this end, the startup has focused on making investments: in 2018, for example, the Free Market has invested about $ $1.5 billion. "Our focus for the coming quarters is still gaining market share," said Peter Arnt, Vice President for finance and investor relations for the company. The company closed last year with almost 2.5 million active users of the digital wallet. In your trade balance announced on Tuesday, 26, the Free Market showed a net revenue of $ $428 million in the fourth quarter, up 19.5% against the previous year. Marketplace revenues increased 13.5% year while the others had growth of 27%. According to Arnt, the smallest growth of the marketplace with respect to Paid market reflects both the basis for comparison the stronger as the review on subsidy policy, since the company began to charge a fee for purchases of very low values. "We are reviewing the policy of subsidies so that they have more effective results," said Arnt. The gross profit of the company amounted to $ $204.8 million from October to December, with a fall of nine percentage points of the margin, the 47,8%. The net loss of the free market before taxes was $ $6.8 million, a negative result 89.5% higher compared to a year earlier.