A Mixed Quarter For Grendene
The Brazilian footwear manufacturer saw moderate results for its first quarter 2008, ended March 31, with a decrease of 11.0 percent in gross profit to 84.9 million Brazilian reais (€32.6m-$51.3m) though sales went up by 2.2 percent to BRL 264.2 million (€101.4m-$159.8m). Within Brazil, Grendene’s revenues decreased by 5.3 percent ...
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