Hering's net profit in 1st Qtr is r $ 64.6 mi

SAO PAULO-the Cia Hering reported net income of $ 64.6 million in the first quarter of the year, falling from 6.9% in comparison with the same period in 2013. The Ebitda (earnings before interest, taxes, depreciation and amortization) from January to March amounted to r $ 94,497 million, a decrease of 7.5% compared with the same months last year. The Ebitda margin in the quarter was 24.0%, down 2.9 percentage points.
The company's net revenue for the quarter was R $ clothing 394,441 million, up 3.9%. The financial result was positive in R $ 6,733 million, elevation of 15.2% compared with the first quarter of 2013.