SAO PAULO, Aug. 13 /PRNewswire-FirstCall/ -- General Shopping Brasil S/A [BM&FBOVESPA: GSHP3], one of the largest shopping mall companies in Brazil, announces its second quarter 2010 earnings.
Operating and financial highlights -- General Shopping Brasil's gross revenue totaled R$ 30.0 million in 2Q10, up 14.3% over the revenue of R$ 26.2 million in 2Q09. In 1H10, gross revenue was R$ 59.1 million, a growth of 15.3% as compared with 1H09. -- Consolidated NOI of 2Q10 reached R$ 24.1 million, with margin at 87.2% and a growth of 25.7% in relation to R$ 19.2 million in 2Q09. In 1H10, consolidated NOI was R$ 46.9 million, with margin at 86.4% and a growth of 23.0% in comparison with 1H09. -- Gross Profit in 2Q10 was R$ 22.0 million, with a 79.5% margin and a 29.4% increase in comparison with R$ 17.0 million in 2Q09. In 1H10, gross profit totaled R$ 42.4 million, with a 78.1% margin and a 25.7% increase in relation to 1H09. -- Adjusted EBITDA in 2Q10 reached R$ 19.5 million, with margin at 70.5%, up 18.3% in comparison with R$ 16.5 million in 2Q09. In 1H10, adjusted EBITDA was R$ 38.2 million, with margin at 70.4%, up 17.9% as compared with 1H09. http://release.firb.com/general_shopping/GSB_release_2Q10.pdf CONFERENCE CALLS ON THE 2Q10 EARNINGS August 16, 2010 IN ENGLISH 9:30 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=380 IN PORTUGUESE 08:00 a.m. (ET) Dial-in Phone Number 55 11 4688-6361 Webcast: http://www.mediatown.com.br/prnewswire/player/?id=379 Contact: General Shopping Brasil Investor Relations 55-11-3159-5100 dri@generalshopping.com.br
http://www.mediatown.com.br/prnewswire/player/?id=380
General Shopping Brasil S/A
CONTACT: General Shopping Brasil Investor Relations,
+011-55-11-3159-5100, dri@generalshopping.com.br
Web Site: http://release.firb.com/general_shopping/GSB_release_2Q10.pdf
