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Article: B2W Announces a Growth of 18% in Consolidated Gross Revenue, 17% in Consolidated EBITDA and an Improvement of 26 Days on the Cash Conversion Cycle in 2Q09.
- Article from:
- PR Newswire
- Article date:
- August 7, 2009
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RIO DE JANEIRO, Aug. 6 /PRNewswire-FirstCall/ -- B2W - Companhia Global do Varejo (BOVESPA: BTOW3), the leading online retailer in Brazil, formed from the merger between Americanas.com and Submarino, announces today its results for the 2nd quarter of 2009 (2Q09) and 1st half of 2009 (1H09). The financial statements were prepared and are presented in accordance with the norms issued by the Securities Exchange Commission (Known locally as CVM), as well as the Novo Mercado listing rules and include accounting changes introduced by Law 11,638/07. Except when otherwise specified, the analyses refer to the Consolidated results.
B2W's portfolio is composed of the ...