Grendene’s higher prices depress sales in Brazil
While representing a still honorable net profit margin of 19.5 percent of sales, the Brazilian company's net income declined by 5.7 percent to 96.4 million Brazilian reais (€31.72m-$43.52m) in the first quarter of 2014. The gross margin fell by 3.0 percentage points to 42.3 percent as compared to the same period ...
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