General Shopping Brasil's Gross Revenue grows 30.9% over 2Q12, increases its own GLA to 19.8% and adjusted EBITDA margin of 70.0%

SAO PAULO, Aug. 14, 2013 /PRNewswire/ -- General Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces 2Q13 earnings results.

• Gross Revenue of General Shopping Brasil S/A in the second quarter of 2013 - 2Q13 – reached R$ 57.7 million, an increase of 30.9% compared to revenue of R$ 44.1 million in the second quarter of 2012 - 2Q12. In the first half of 2013 - 1H13, gross revenue grew 32.1% compared to 1H12, reaching R$ 112.2 million.
• Consolidated NOI in 2Q13 totaled R$ 46.0 million, with a margin of 87.3%, up 29.1% from the R$ 35.6 million reached in 2Q12. In 1H13, consolidated NOI was R$ 89.6 million, with an 87.2% margin, up 29.5% as compared with 1H12.
• Gross Profit in 2Q13 hit R$ 40.8 million, with a margin of 77.4% and a growth of 28.6% in comparison with R$ 31.7 million in 2Q12. In 1H13, gross profit totaled R$ 78.9 million, with a margin of 76.8%, up 27.9% compared to 1H12.
• Adjusted EBITDA in 2Q13 reached R$ 36.9 million, with a margin of 70.0% and an increase of 30.1% as compared with the R$ 28.4 million reached in 2Q12. In 1H13, adjusted EBITDA amounted to R$ 71.4 million, representing a margin of 69.5% and an increase of 29.4% in relation to 1H12.

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

http://www.firb.com/general_shopping/GSB_release_2Q13.pdf

CONFERENCE CALLS ON THE 2Q13

SOURCE General Shopping Brasil S.A.