Hypermarcas net profit rises 17.3%

Sao Paulo-the consumer goods company Hypermarcas reported late in the evening of Friday net profit of 80.2 million reais in the third quarter of 2013, high of 17.3 percent in comparison with the same period last year.
Ebitda (earnings before interest, taxes, depreciation and amortization) adjusted totaled 264.9 million reais, up 21.5 percent versus the third quarter of 2012.
Net revenue reached 1.11 billion reais, with growth of 12 percent on the same comparison.
Revenue growth was comprised of 15.6 per cent expansion in Division Farma and 7.9 percent in the Consumer Division, said the company.
In the first nine months of the year, the increase in the company's net revenue was 10.3 percent.
"This performance is a result of improvements in running the company's business, such as improvement in the coverage of distribution of its products and brands, improvement in exposure and managing categories in points of sale, as well as productivity gains of its various field teams ...", the company said.
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