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Apparel retailer Renner posts 33.7% rise in earnings

02
Aug '06
Garment chain store Lojas Renner's net sale increased 21.2 percent in first half of this year.

The Company registered net profit of R$36.3 million compared to R$35.2 million same period last year.

Company's earning before interest and tax gained 33.7 percent to R$78.3 million compared to same period last year.

Renner is one of the three largest apparel department store chains in Brazil, being present in the South, Southeast, Midwest and Northeast regions of the country. It has 72 outlets, 65 of which in shopping malls and the other 7 in prime high-street locations.


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