Petz recorded a net profit of R$ 21.6 million in the second quarter of 2021, an increase of 109% compared to the same period in 2020. The adjusted Ebitda, in turn, was R$ 56.2 million, an increase of 50, 3%.
“There was Ebitda leverage and a better financial result due to the funds raised in the IPO, which entered and generated financial income. There was also a declaration of JCP (interest on equity) which reduces the rate (tax)”, said the company’s financial director, Diogo Bassi, to broadcast on the company’s net profit gain.
The company reached R$ 2 billion in revenue in the last 12 months for the first time in its history, with total gross revenue of R$ 598 million in the second quarter, an increase of 57.5% compared to the amount presented a year earlier. Online sales represented 30.3% of total sales in the quarter, reaching R$181.2 million in total gross revenue, an 85% gain.
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