Online retailer B2W posts US$8.5mn Q4 loss, reversing profit

By
Friday, March 18, 2011

Brazilian online retailer B2W Cia Global do Varejo, the holding company of the Americanas and Submarino websites, said Friday it had a fourth quarter net loss of 14.2mn reais (US$8.5mn) under IFRS accounting rules, compared with year-prior earnings of 22.9mn reais.

Ebitda in October-December stood at 194mn reais, up 11.7% on the year, with Ebitda margin rising 1.1 percentage points to 16.8%. Net revenue increased 4.1% in the quarter, to 1.15bn reais.

In all of 2010, B2W saw a 33.6mn-real net profit, down 45.8% from 2009. Ebitda, on the other hand, rose 12.3% last year to 547mn reais, and net revenue advanced 12.1% to 4.07bn reais.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login