A logo of the Raia drugstore is seen in Rio de Janeiro, Brazil July 30, 2018. REUTERS/Sergio Moraes
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July 29 (Reuters) – Brazilian pharmacy chain Raia Drogasil SA (RADL3.SA) posted on Friday a 48% increase on its second-quarter adjusted net profit to 343.746 million reais ($66.46 million), boosted by higher sales.
Raia Drogasil also reported a second-quarter gross revenue of 7.641 billion reais, a 22.35% increase year-on-year, boosted by a 28.6% growth in over-the-counter sales.
Its adjusted EBITDA 46.34% to 727.5 million reais. Its EBITDA margin widened to 9.5%, improving 1.5 percentage points from a year ago.
The company said it has opened 64 new drugstores in the quarter, while it closed 13, totaling 2,581 under operation.
($1 = 5.1724 reais)
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Reporting by Carolina Pulice; Editing by Christian Plumb
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