Business

Via Varejo registers profit of $ 15.5 mn

Via Varejo reported net income of R$ 78 million ($15,5 million) in the fourth quarter of 2019, reversing a loss of R$ 282 million ($ 56 million) in the same period of 2018. In 2019, the retailer accumulated losses of R$ 479 million ($ 96 million), compared to losses of R$ 291million ($ 58 million) last year. The adjusted Ebitda margin went from 4.2% to 8% in the comparison between the same quarters. In 2019, this margin decreased from 7.6% to 6.8%.

Source: Terra

Categories: Business