TotalPass reached 2.2 million users and 17 percent of Smart Fit’s gross profit in the second quarter. The shares still fell 7.82 percent.
BRAZIL · COMPANIES
Key Facts
—The growth TotalPass reached 2.2 million users across Brazil and Mexico in the second quarter, up 70 percent.
—The revenue Segment revenue of 230 million reais, up 47 percent, with gross profit up 79 percent to 195 million.
—The margin 84.7 percent gross margin, against a group that mostly runs gyms.
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