Multiplan's profit Rises 117.3%

The Manager of shopping centers announced that its net profit more than doubled in the fourth quarter over a year earlier, supported by a combination of net sales advance and retreat of operating expenses. Between October and December, the net profits of the Multiplan was R$124,2 million, up 117.3%, compared to 57.1 million in the fourth quarter of 2013. Net revenue grew about 20% year over year, to $ 322,5 million, operating expenses fell nearly 24 percent, to $ 98.7 million, in the fourth quarter of last year. Same store sales rose 7.9 percent on the same basis of comparison.