Profit of M white high 11.3% in Q3

The M White recorded net profit of 165 million R$ in the second quarter of 2015, high of 11.3% compared to the same range of the previous year.
The Ebitda (earnings before interest, taxes, depreciation and amortization) backed down 7.7%, to R$ 192.9 million, with margin of 15.2%, 2 percentage points less than that recorded in the third quarter of last year.
The net revenue of the company was R$ 1.265 billion from July to September, an increase of 4.4% compared with the same range of 2014.
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The financial result increased from an expenditure of R$ 2.9 million in the third quarter of 2014 for a recipe of 8.2 million R$.
According to the company, the result was driven mainly by higher income from financial investments.