Economic Indicators
Brazil’s Assai posts nearly 21% jump in quarterly profit
2022.07.28 00:59
FILE PHOTO: The logo of Assai, cash-and-carry division of Brazilian retailer GPA SA, is pictured next to the Brazilian national flag in Sao Paulo, Brazil January 11, 2017. REUTERS/Paulo Whitaker
(Reuters) – Brazilian cash-and-carry chain Assai reported a 20.7% increase in second-quarter net profit, compared to the same period last year, to reach 319 million reais ($60.83 million), the company said on Wednesday. Net revenue grew 32.8% to total 13.3 billion reais during the three-month period ending in June. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 30% to 978 million reais.
($1 = 5.2437 reais)
