trending Market Intelligence /marketintelligence/en/news-insights/trending/Gy3OOWtYyi8ixdRj3vPAIw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Via Varejo SA swings to loss in Q2

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Via Varejo SA swings to loss in Q2

Via Varejo SA said its normalized net income for the second quarter came to a loss of 3.8 million reais, compared with income of 176.9 million reais in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 0.0% from 3.2% in the year-earlier period.

Total revenue declined 21.7% on an annual basis to 4.32 billion reais from 5.53 billion reais, and total operating expenses decreased 18.8% on an annual basis to 4.12 billion reais from 5.08 billion reais.

Reported net income totaled a loss of 13.0 million reais, or a loss of 1 centavos per share, compared to income of 187.0 million reais, or 14 centavos per share, in the year-earlier period.

As of July 28, US$1 was equivalent to 3.40 reais.