ALLOS Q2 Attributable Profit Jumps 53% to US$60M

Brazil · Business

Key Facts

—Attributable profit accelerated. Net income attributable to controlling shareholders rose 53.0% to R$308.1 million (US$60.4 million).

—Profit measures differ. Consolidated net income was R$340.8 million (US$66.8 million), up 11.9%, while the company’s ex-straight-line-rent measure was R$294.0 million (US$57.6 million), up 57.7%.

—Revenue outpaced mall sales. Net revenue excluding straight-line rent rose 11.6% to R$732.3 million (US$143.5 million), while shopping-center sales increased 3.4% to R$10.5 billion (US$2.06 billion).