Alpargatas has R $54.4 million net profit in the second quarter

The footwear manufacturer Alpargatas reported net profits of R $54.4 million in the second quarter of 2017, 9.9% drop compared with the same period last year. In the first half of the year, profit reached $234.2 million, increased R 36.7%.
The Ebitda (earnings before interest, taxes, depreciation and amortization) of the company reached R $72.6 million between April and June, a 35.6% compared with the same indentation months of 2016. In six months, Ebitda R sum $320.5 million, growth of 6.1%.
Net income totaled $859.6 million in quarter R shoe, a 15.1% decline compared to the previous year. From January to June, revenues fell 16.9 percent, to $1.667 billion.
The Sneakers released yet its results adjusted to the effect of "cut off", which is the difference in the accounting result caused by the fact that the sales turnover happens only after receipt of the customer loads. This quarter, the company found that the effect was way above normal. Excluding this impact, the revenue for the quarter would have indented Alpargatas 9.6% compared with the same period of the previous year, to $899 million and Ebitda R fall 16.4%, to R $88.4 million.