Smiles Fidelidade S.A. Reports Earnings Results for the Second Quarter of Fiscal Year 2018
Smiles Fidelidade S.A. reported earnings results for the second quarter of fiscal year 2018. For the quarter, the company reported net revenues of BRL 198,125,000 as compared to BRL 217,574,000 a year ago. Operating profit was BRL 130,474,000 as compared to BRL 166,901,000 a year ago. EBT was BRL 168,545,000 as compared to BRL 210,577,000 a year ago. Net income was BRL 114,158,000 as compared to BRL 143,881,000 a year ago. Net cash flows from operating activities was BRL 354,506,000 as compared to net cash flows used in operating activities of BRL 25,998,000 a year ago. Acquisition of property, plant and equipment and intangible assets was BRL 1,418,000 as compared to BRL 449,000 a year ago. EBITDA was BRL 134.9 million as compared to BRL 170.3 million a year ago.