SAO PAULO, May 7 /PRNewswire-FirstCall/ -- General Shopping Brasil S/A [BM&FBOVESPA: GSHP3], one of the largest shopping mall companies in Brazil, announces its first quarter 2010 earnings.
Operating and financial highlights -- General Shopping Brasil's gross revenue totaled R$ 29.2 million in 1Q10, up 16.2% over R$ 25.1 million reached in 1Q09 -- Consolidated NOI reached R$ 22.7 million in 1Q10, with margin at 85.6%, up 20.2% in comparison with R$ 18.9 million in 1Q09 -- Gross profit in 1Q10 was R$ 20.3 million, with a 76.7% margin and a 21.8% increase in comparison with R$ 16.7 million of 1Q09 -- Adjusted EBITDA reached R$ 18.7 million in 1Q10, with margin at 70.3%, up 17.5% over the R$ 15.9 million registered in 1Q09 http://release.firb.com/general_shopping/GSB_release_1Q10.pdf CONFERENCE CALLS ON THE 1Q10 EARNINGS May 10, 2010 IN ENGLISH 9:00 a.m. (ET) Dial-in Phone Numbers Parties from Brazil 11 4688-6361 Toll-free from the U.S. 1-888-700-0802 Parties from other countries 1-786-924-6977 Webcast: http://www.mediatown.com.br/prnewswire/player/?id=247 IN PORTUGUESE 08:00 a.m. (ET) Dial-in Phone Number 55 11 4688-6361 Webcast: http://www.mediatown.com.br/prnewswire/player/?id=246
General Shopping Brasil S.A.
CONTACT: General Shopping Brasil Investor Relations, +55-11-3159-5100,
dri@generalshopping.com.br; or Daniela Ueda of FIRB - Financial Investor
Relations Brasil, +55-11-3897-6857, daniela.ueda@firb.com, for General
Shopping Brasil S.A.
Web Site: http://www.generalshopping.com.br/
