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Gross Profit Grows 33.3% In 2012 And Totaled R$ 196.1 Million

SAO PAULO, March 27, 2013 /PRNewswire/ -- General Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces 4Q12 and 2012 earnings results.

  • General Shopping Brasil's Gross Revenue in the fourth quarter of 2012 (4Q12) totaled R$ 61.5 million, up 42.1% over the R$ 43.3 million in revenue reached in the fourth quarter of 2011 (4Q11). Gross revenue grew 33.3% in 2012 in comparison with 2011, reaching R$ 196.1 million.
  • Consolidated NOI registered R$ 48.5 million in 4Q12, with margin at 85.5% and a growth of 35.0% in relation to the R$ 35.9 million registered in 4Q11. In 2012, consolidated NOI was R$ 158.9 million, with margin of 87.1% and a growth of 31.0% in comparison with 2011.
  • Gross Profit registered R$ 45.0 million in 4Q12, with margin at 79.4% and a growth of 42.5% as compared with the R$ 31.6 million of 4Q11. In 2012, gross profit totaled R$ 144.4 million, with margin of 79.2% and a growth of 32.1% in comparison with 2011.
  • Adjusted EBITDA reached R$ 38.7 million in 4Q12, with margin at 68.3% and a growth of 31.5% in relation to the R$ 29.5 million in 4Q11. In 2012, adjusted EBITDA totaled R$ 125.9 million, with margin of 69.1% and a growth of 27.7% in comparison with 2011.

For more information about the performance of the GSB, see the release on the link below:

http://www.firb.com/general_shopping/GSB_release_4Q12.pdf

CONFERENCE CALLS ON THE 4Q12 and 2012

What:     General Shopping Brasil 4 th Quarter and 2012 Earnings Conference Call

When:     Thursday, March 28, 2013 @ 02:00 PM EDT in Portuguese and 03:00 PM EDT in English.

Where: http://www.mediatown.com.br/prnewswire/player/?id=1074                                         (portuguese)



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