Economic Indicators
Brazil’s Assai posts 47.8% drop in Q3 net profit
2022.10.20 17:50
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© Reuters. FILE PHOTO: Cash workers are seen at an Assai store, cash-and-carry division of Brazilian retailer GPA SA, in Sao Paulo, Brazil, January 11, 2017. REUTERS/Paulo Whitaker
SAO PAULO (Reuters) – Brazilian cash-and-carry chain Assai reported a 47.8% decrease in third-quarter net profit, compared to the same period last year, to reach 281 million reais ($53.85 million), the company said on Thursday.
Net revenue grew 29.2% to total 13.8 billion reais during the three-month period ending in September.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 20.6% to 1.01 billion reais.
($1 = 5.2180 reais)
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