Brazil’s C&A Posts Record Profit on Margin Gains
3 Key Points –Adjusted net income rose 7.9% to R$269.8 million (~$52 million), while reported net income jumped 22.9% to R$313.2 million (~$60 million) after a R$62.1 million (~$12 million) tax-provision reversal — capping a record full-year profit of R$470.7 million (~$91 million). –Gross margin expanded 4.7 percentage points to 56.1% as the retailer’s shift […]
Black News 
3 Key Points –Adjusted net income rose 7.9% to R$269.8 million (~$52 million), while reported net income jumped 22.9% to R$313.2 million (~$60 million) after a R$62.1 million (~$12 million) tax-provision reversal — capping a record full-year profit of R$470.7 million (~$91 million). –Gross margin expanded 4.7 percentage points to 56.1% as the retailer’s shift […]
