Alpargatas's profit rises, but still challenging environment

SAO PAULO-the footwear manufacturer Alpargatas registered a slight increase of 0.5% in net income for the third quarter of this year compared with the same period in 2012, totaling R $ 74.5 million. Despite the growth, the mark strengthened, through its quarterly statement released last Friday, which this year has been far more challenging than 2012. Year to date, the company records a high of 11.1% in net profits compared to the same period last year, totaling R $ 237,4 million. The third quarter net revenues increased 8.9%, totaling R $ 865 million. Year to date, revenue reaches $ 2.46 billion.