Grendene’S Profits Jump Despite Sluggish Turnover
The Brazilian footwear company’s adjusted net income flew up by 363.2 percent to 41.8 million reals (€15.2m-$19.4m) in its seasonally slow 2nd quarter, ended June 30, but it showed growth of only 68.3 percent when compared to the same period two years ago. Grendene’s latest results benefited from a one-time ...
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