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Article: BRAZIL: COMPANY AZAL?IA POSTS HIGHEST PROFIT IN TEN YEARS.(Financial report)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- May 16, 2007
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According to anba: In the first quarter this year, Azal?ia, one of the largest shoe manufacturers in Brazil, posted its highest net profit for the period in the last ten years. The amount was 79.4 million Brazilian reais (US$ 39.4 million), a 735.8% increase over the same months in 2006. According to information disclosed by the company, the performance was a result of product development, investment in technology, and control of production costs. Gross revenues from sales totalled 253.9 million reais (US$ 125.6 million) in the first three months this year, representing a 13.3% increase over the same period in 2006. The greatest increase in revenue was recorded in the ...