Grendene Has 19.6% high net income

The shoe manufacturer Grendene surged 19.6% of net income for the first quarter of 2017 to R$ 171,800,000, if compared to the same period last year. The company still finished the quarter with a 7.2% increase in net revenues, which came to R$ 510,100,000, and 33.3% growth in Ebit, reaching R$ 109,700,000. In addition, the brand obtained improvement in all your bookmarks. Margins: gross, Ebit, Ebitda and net sales grew 1.6 percentage points, 4.2 percentage points, 4.2 percentage points and 3.5 percentage points respectively. In the first three months of the year, Grendene 37,900,000 volume pairs produced 8.5% higher than the previous year. "Resumption of growth expectations for the year become more concrete, however, are conjecture and therefore difficult to predict with accuracy," says Francis Schmitt, Chief Financial Officer of Grendene.