SAO PAULO (Reuters) – C&A shares retreated about 4% this Wednesday, after the fashion retailer reported a quarterly result still impacted by the Covid-19 pandemic, with store closings and reduced operating hours.
Around 15:40, C&A shares fell 4.4%, to 10.89 reais, among the negative highlights of Small Caps, which retreated 0.41%.
C&A’s net revenue totaled 1.18 billion reais, a 299.2% increase over the same period in 2020, when more restrictive measures were in force against the dissemination of the coronavirus. But compared to the same period in 2019, it fell by 6.7%.
The adjusted Ebitda in the second quarter was positive by 1.4 million reais, against a negative result of 201 million reais a year earlier, with a margin of 0.1%, against a negative margin of 68.3% from April to June 2020.
(By Paula Arend Laier)
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