25 de julio de 2017 / 22:36 / hace 4 meses

Brazil retailer GPA swings to profit, eyes better EBITDA margin

SAO PAULO, July 25 (Reuters) - Brazilian retailer GPA SA posted a second-quarter profit of 165 million reais ($52 million) on Tuesday, compared with a net loss of 277 million reais a year earlier, according to a securities filing.

Earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, doubled from a year ago to 659 million reais. GPA forecast that EBITDA would equal 5.5 percent of revenue from its food business this year, up from 5.3 percent in 2016. ($1 = 3.17 Brazilian reais) (Reporting by Brad Haynes)

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