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Brazil's Assai posts nearly 21% jump in quarterly profit

Brazil's Assai posts nearly 21% jump in quarterly profit

Reuters · 07/27/2022 17:19
Brazil's Assai posts 21% jump in quarterly profit

- Brazilian cash-and-carry chain Assai ASAI reported a 20.7% increase in second-quarter profit, compared to the same period last year, to reach 319 million reais ($60.83 million), the company said on Wednesday.

Net revenue grew 32.8% to total 13.3 billion reais during the three-month period ending in June.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 30% to 978 million reais.


($1 = 5.2437 reais)


(Reporting by Carolina Pulice; Editing by David Alire Garcia)

((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;))