October 24, 2019 / 8:48 PM / a month ago

Brazil's Lojas Renner posts lower Q3 profit, led by non-recurring effects

SAO PAULO, Oct 24 (Reuters) - Brazilian fast-fashion retailer Lojas Renner SA reported on Thursday a 2.6% drop in its third-quarter net profit, as tax issues that the company said were non-recurring overshadowed strong revenues.

In a securities filing, the company said its quarterly net profit fell to 189.3 million reais ($46.84 million) from 194.2 million reais a year ago, when a court decision had reduced the tax rate for the retailer during that period. (Reporting by Gabriela Mello Editing by Leslie Adler)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below