Magazine Luiza reverts and has r $ 802 million quarterly profit

The Electronic Retailer Magazine Luiza ended the first quarter with a profit of R $ 802 million, reversing a loss of r $ 40.7 million registered a year earlier.
Net revenue rose 6% in the period, to $ 1.77 billion, and earnings before interest, taxes, depreciation and amortization (Ebitda) tripled, going from R $ 23 million to R $ 62. million.
Same-store sales, which include the open units for over a year and give the measurement of organic growth, rose 5.2% from a year earlier. The indicator shows breathtaking loss compared to the first quarter of 2012, when the growth rate was 15.9%.