SAO PAULO, March 28, 2014 /PRNewswire/ -- General
Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest
shopping mall companies in Brazil,
announces 4Q13 earnings results.
- General Shopping Brasil S/A's fourth quarter 2013 (4Q13) gross
revenue was R$ 71.6 million, a
year-on-year increase of 16.5% compared with the R$ 61.5 million reported in the fourth quarter of
2012 (4Q12). For the year 2013 as a whole, gross revenue rose 23.3%
in relation to 2012, totaling R$ 241.9
million.
- Consolidated Net Operating Income (NOI) for 4Q13 was
R$ 57.3 million, a margin of 88.0%
and a growth of 18.1% in relation to the R$
48.5 million registered in 4Q12. In 2013, consolidated NOI
was R$ 193.2 million, equivalent to a
margin of 87.6% and year-on-year growth of 21.6%.
- The Company posted a Gross Profit in 4Q13 of R$ 51.7 million, representing a margin of 79.3%
and growth of 14.8% compared to the R$ 45.0
million in 4Q12. In 2013, gross profit was R$ 172.3 million, a margin of 78.1% and growth of
19.3% in relation to 2012.
- Adjusted EBITDA in 4Q13 reached R$ 46.3
million, equivalent to a margin of 71.2% and a growth of
19.7% in relation to the R$ 38.7
million posted in 4Q12. In 2013, adjusted EBITDA was
R$ 154.0 million, a margin of 69.8%
and a growth of 22.3% compared with 2012.
For more information about the performance of the GSB, see the
release on the link below:
http://www.firb.com/general_shopping/GSB_release_4Q13.pdf
CONFERENCE CALLS ON THE 4Q13
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What:
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General Shopping
Brasil's 4Q13 Earnings Conference Call
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When:
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Friday March 28, 2014
@ 2:00 PM in Portuguese and 03:00 PM in English.
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Where:
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http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1219
(portuguese)
http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?
Palestra_ID=1220 (english)
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How:
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Live over the
Internet -- Simply log on to the web at the address
above.
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Conference call dial-in phone numbers: From the US:
1-786-924-6977; from Brazil: 11
3193-1001; from other countries: 1-888-700-0802
Contact: Investor Relations Area of General Shopping Brasil - +
55 11 3159-5100, dri@generalshopping.com.br, or Silvia Pinheiro, from FIRB - Financial Investor
Relations Brasil - + 55 11 3500-5564, silvia.pinheiro@firb.com
SOURCE General Shopping Brasil S.A.