Wednesday, August 02, 2017

Magazine Luiza''s profit grows 594.5% R $72,400,000 in the second quarter

The Magazine Luiza recorded net income of R $72,400,000 in the second quarter of the year, 594.5 value% higher than the R $10,400,000 established in the same period of last year. In the first six months of the year, the profits accumulated R $130,900,000, 735.3 amount% higher than in the first half of 2016.
The criterion, the quarterly net income amounted to R $73,300,000, with a variation of 426.4% before the R$ 13900002nd over the year-ago quarter.
The Ebitda (earnings before interest, taxes, depreciation and amortization) was discharged from 44.5% to R $235,800,000 between April and June, with margin of 8.7%, 1.1 percentage point above the registered in the first quarter of 2016. In six months, Ebitda reaches R $467,700,000, 52.2% expansion
Adjusted Ebitda was discharged from 40.7% in the second quarter, adding R $237,100,000, with the rising margin of 7.8% to 8.8%. The set excludes non-recurrent expenditure account.
Between April and June, net sales totaled $2.699 billion, R a 25.7% growth in annual variation. In the first half, revenue is R $5.506 billion, an increase of 24.8 percent on the same comparison.
E-commerce. Online sales-site, application, and social networks – the increase was 55% (in the last quarter, sales in the company''s digital platforms had registered growth in excess of 50%). Currently, the e-commerce already represents 28% of the total turnover of Magazine Luiza. One of the highlights of the quarter, in this area, was the performance of sales by the app, with downloads 6,200,000. The application of Magazine Luiza was elected by Google in 2016 1 of the best in Brazil.
Estadão – 01/08/2017 News Item translated automatically
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