SAO PAULO, May 15, 2014 /PRNewswire/ -- General
Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest
shopping mall companies in Brazil,
announces 1Q14 earnings results.
- General Shopping Brasil S/A reported first quarter 2014 (1Q14)
gross revenue of R$ 66.6 million,
representing an increase of 22.0% compared with R$ 54.5 million in the first quarter of 2013
(1Q13).
- Consolidated Net Operating Income (NOI) for 1Q14 posted
R$ 52.9 million, equivalent to a
margin of 86.6% and growth of 21.4% in relation to the R$ 43.5 million in 1Q13.
- The Company posted Gross Profit in 1Q14 of R$ 46.9 million, with a margin of 76.8% and
growth of 23.1% compared with the R$ 38.0
million recorded for 1Q13.
- Adjusted EBITDA in 1Q14 reached R$ 42.6
million, that is a margin of 69.8% and a growth of 23.7% in
relation to the R$ 34.4 million for
1Q13.
For more information about the performance of the GSB, see the
release on the link below:
http://www.firb.com/general_shopping/GSB_release_1Q14.pdf
CONFERENCE CALLS ON THE 1Q14
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What:
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General Shopping
Brasil's 1Q14 Earnings Conference Call
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When:
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Friday May 16, 2014 @
8:00 AM in Portuguese and 09:00 AM in English
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Where:
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http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1250
(portuguese)
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http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1251
(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.