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Brazil's Hypermarcas reports USD33.4m profit in Q3  Join our daily free Newsletter

MENAFN - - 11/11/2012

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(MENAFN) Brazilian drug maker Hypermarcas SA reported a quarterly profit on higher revenues and lower debt-servicing and currency hedging costs, Reuters reported.

The company said it made USD33.4 million during the third quarter, compared to two consecutive quarterly losses, signalling an end to a year-long slowdown in Brazil's consumer goods market.

The company also reported a 19 percent increase in quarterly revenue to USD484.7 million from USD406.53 million a year earlier.

Sales of pharmaceutical products, which accounted for about 54 percent of the company's net revenue in the quarter, jumped 39 percent, while beauty care sales increased 2.2 percent from a year earlier.

 






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