Business
Grupo Mateus: Gross revenue up 13.7% to R$10.7bn, but net income down 21.8% amid higher expenses
Grupo Mateus: Gross revenue up 13.7% to R$10.7bn, but net income down 21.8% amid higher expenses
About this update from Grupo Mateus Sa
Gross revenue rose 13.7% year-over-year to R$10.7 billion, driven by store expansion and Novo Atacarejo consolidation, while net income fell 21.8% to R$213 million due to higher expenses. Focus remains on efficiency, disciplined growth, and governance.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.