BR Malls net profit drops 23.5% in the first quarter

Shopping centre operator BR Malls recorded a 23.5% drop in net income for the first quarter, to R$118.5 million ($23 mn) in the annual comparison. The company’s revenue decreased 4.5% in the period from January to March, to R$283.7 million ($57 mm), compared to the same period in 2019.

Source: Valor Investe