BR Distribuidora’s profit drops to $21Mn in the 4th quarter

In the first annual balance of BR Distribuidora after privatization, the company’s profit was R$ 2.2 billion ($488 million), against R $ 3.2 billion ($712 million) in 2018, a drop of 31.2%. In the fourth quarter, profit was R$ 96 million ($ 21 million), below the profit of R $ 1.6 billion ($ 400 million) registered a year ago. Net sales revenue fell 2.8% last year, to R $ 94.9 billion ($ 24 billion) compared to 2018, while the company’s net debt rose 87.3%, to R$ 4.4 billion ($ 1 billion)

Source: Agencia Estado