Business
Grupo Mateus: Gross revenue up 28.3% and net income up 28% Y/Y, driven by merger and operational improvements
Grupo Mateus: Gross revenue up 28.3% and net income up 28% Y/Y, driven by merger and operational improvements
About this update from Grupo Mateus Sa
Gross revenue rose 28.3% year-over-year to BRL 12.1 billion, with EBITDA up 32% and net income for the first nine months reaching BRL 1.246 billion. The merger with Novo Atacarejo expanded market share and operational scale, while inventory and accounting revisions improved governance.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.