SAO PAULO, May 15, 2013 /PRNewswire/ -- General Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces 1Q13 earnings results.

  • Gross Revenue of General Shopping Brasil S/A in the first quarter of 2013 - 1Q13 – reached R$ 54.5 million, up 33.3% over the revenue of R$ 40.9 million in the first quarter of 2012 - 1Q12.
  • Consolidated NOI in 1Q13 totaled R$ 43.5 million, with a margin of 87.2%, up 30.0% in relation to the R$ 33.5 million of 1Q12.
  • Gross Profit in 1Q13 was R$ 38.0 million, with a margin of 76.2% and an increase of 27.2% as compared with the R$ 29.9 million registered in 1Q12.
  • Adjusted EBITDA in 1Q13 reached R$ 34.4 million, with a margin of 69.0% and an increase of 28.6% compared to R$ 26.8 million in 1Q12.

For more information about the performance of the GSB, see the release on the link below:

http://www.firb.com/general_shopping/GSB_release_1Q13.pdf

CONFERENCE CALLS ON THE 1Q13

What:

General Shopping Brasil's 1Q13 Earnings Conference Call

When: 

Thursday, May 16, 2013 @ 03:00 PM EST in Portuguese and 04:00 PM EST in English.

Where:

http://www.mediatown.com.br/prnewswire/player/?id=1120          
                              (portuguese)

http://www.mediatown.com.br/prnewswire/player/?id=1121 
                              (english)   

How:

Live over the Internet -- Simply log on to the web at the address above.

Conference call dial-in phone numbers: From the US: 1-855-281-6021 (toll-free); from Brazil: 11 4688-6361; from other countries: 1-786-924-6977

SOURCE General Shopping Brasil S.A.

Copyright 2013 PR Newswire

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