SAO PAULO, Nov. 12, 2010 /PRNewswire-FirstCall/ -- General Shopping Brasil S/A [BM&FBOVESPA: GSHP3], one of the largest shopping mall companies in Brazil, announces its third quarter 2010 earnings.
Operating and financial highlights -- General Shopping Brasil's gross revenue totaled R$ 31.4 million in 3Q10, up 10.6% over the revenue of R$ 28.4 million in 3Q09. In 9M10, gross revenue was R$ 90.6 million, a growth of 13.6% as compared with 9M09. -- Consolidated NOI of 3Q10 reached R$ 24.7 million, with margin at 85.5% and a growth of 13.1% in relation to R$ 21.8 million in 3Q09. In 9M10, consolidated NOI was R$ 71.6 million, with margin at 86.1% and a growth of 19.4% in comparison with 9M09.Gross Profit in 3Q10 was R$ 22.5 million, with margin at 77.7% and a 14.8% increase in comparison with R$ 19.6 million in 3Q09. In 9M10, gross profit totaled R$ 64.8 million, with margin at 78.0% and a 21.7% increase in relation to 9M09. -- Adjusted EBITDA in 3Q10 reached R$ 20.3 million, with margin at 70.3%, up 8.9% in comparison with R$ 18.6 million in 3Q09. In 9M10, adjusted EBITDA was R$ 58.5 million, with margin at 70.4%, up 14.6% as compared with 9M09. http://release.firb.com/general_shopping/GSB_release_3Q10.pdf CONFERENCE CALLS ON THE 3Q10 EARNINGS November 16, 2010 IN ENGLISH 2:30 p.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=422 IN PORTUGUESE 1:00 p.m. (ET) Dial-in Phone Number 55 11 4688-6361 Webcast: http://www.mediatown.com.br/prnewswire/player/?id=421 CONTACT: Marcio Snioka - Investor Relations Manager Phone: (55-11) 3159-5100 E-mail: dri@generalshopping.com.br
http://www.mediatown.com.br/prnewswire/player/?id=421
General Shopping Brasil S/A
CONTACT: Marcio Snioka - Investor Relations Manager,
+011-55-11-3159-5100, dri@generalshopping.com.br
