PBG S.A. Announces Consolidated Earnings Results for the First Quarter of 2018
May 15, 2018
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PBG S.A. announced consolidated earnings results for the first quarter of 2018. For the quarter, the company reported profit of BRL 7 million against BRL 20 million a year ago. EBITDA was BRL 34 million against BRL 53 million a year ago. Gross revenue was BRL 303 million against BRL 296 million a year ago. Net revenue was BRL 246 million against BRL 236 million a year ago. Net debt was BRL 404 million against BRL 437 million a year ago. EBIT was BRL 23,609,000 against BRL 42,877,000 a year ago.
PBG SA, formerly Portobello SA, is a Brazil-based company primarily engaged in the production and commercialization of ceramic products. The Companyâs portfolio includes flooring, technical and enameled porcelain tiles, decorative pieces, mosaics, products for the coating of internal walls and external facades, among others. Through its subsidiaries, the Company is also involved in the administration of network of franchise stores, under brand names Portobello Shop and Emporio Portobello, specializing in ceramic tiles. Additionally, the Company is active in the provision of complementary services in the construction materials area. The Companyâs subsidiaries include Portobello America Inc, PBTech Comercio e Servicos de Revestimentos Ceramicos Ltda, Portobello Shop SA and Mineracao Portobello Ltda.