Increased sales raises earnings of Magazine Luiza in Q3

The retailer Magazine Luiza showed a net profit of r $ 25.4 million in the third quarter of 2013, growing ten times greater than the $ 2.3 million disclosed in the same period last year.
The company's revenue grew 19 percent to $ 2 billion. The retailer emphasized that the positive numbers are related to increased sales and reduction of expenses between July and September, according to the company, it was the best time recorded in the year so far.

The cash generation as measured by earnings before interest, taxes, depreciation and amortization (Ebitda) totaled r $ 122.3 million, growth of 65% compared to the previous year. During the period, the margin fell to 6.1% compared with 4.4% in the third quarter of 2012.