📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Brazil's RD posts 47% increase in Q4 adjusted net profit

Published 03/07/2023, 06:56 PM
Updated 03/07/2023, 07:00 PM
© Reuters. People walk in front of the Raia drugstore in Rio de Janeiro, Brazil July 30, 2018. REUTERS/Sergio Moraes

SAO PAULO (Reuters) - Brazilian pharmacy chain RD SA, Raia Drogasil, posted on Tuesday a 47% jump year-over-year in fourth-quarter adjusted net profit to 301.1 million reais ($58.00 million), boosted by an increase in market share and revenue growth in digital sales.

RD also reported gross revenue of 8.35 billion reais for the fourth-quarter, a 22% increase year-on-year and beating a Refinitiv poll compiled by Reuters of 7.66 billion reais.

Adjusted EBITDA rose 33.7% to 599.4 million reais.

© Reuters. People walk in front of the Raia drugstore in Rio de Janeiro, Brazil July 30, 2018. REUTERS/Sergio Moraes

The company said it operates 2,697 drugstores after opening 86 new one and closing 9 during the quarter.

($1 = 5.1910 reais)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.