General Shopping Brasil - Gross Revenue reaches R$ 66.6 million, 22.0% higher than 1Q13

SAO PAULO, May 15, 2014 /PRNewswire/ -- General Shopping Brasil S/A [BM&FBovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces 1Q14 earnings results.

• General Shopping Brasil S/A reported first quarter 2014 (1Q14) gross revenue of R$ 66.6 million, representing an increase of 22.0% compared with R$ 54.5 million in the first quarter of 2013 (1Q13).
• Consolidated Net Operating Income (NOI) for 1Q14 posted R$ 52.9 million, equivalent to a margin of 86.6% and growth of 21.4% in relation to the R$ 43.5 million in 1Q13.
• The Company posted Gross Profit in 1Q14 of R$ 46.9 million, with a margin of 76.8% and growth of 23.1% compared with the R$ 38.0 million recorded for 1Q13.
• Adjusted EBITDA in 1Q14 reached R$ 42.6 million, that is a margin of 69.8% and a growth of 23.7% in relation to the R$ 34.4 million for 1Q13.

For more information about the performance of the GSB, see the release on the link below:
http://www.firb.com/general_shopping/GSB_release_1Q14.pdf

CONFERENCE CALLS ON THE 1Q14

What:	General Shopping Brasil's  1Q14 Earnings Conference Call
When:	Friday May 16, 2014 @ 8:00 AM in Portuguese and 09:00 AM in English
Where:	http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1250 (portuguese)
	http://webcast.prnewswire.com.br/Canais/GeneralShopping/ChannelLogin.aspx?Palestra_ID=1251 (english)
How:	Live over the Internet -- Simply log on to the web at the address above.

Conference call dial-in phone numbers: From the US: [phone]; from Brazil: [phone]; from other countries: [phone]

Contact: Investor Relations Area of General Shopping Brasil - [phone], [e-mail], or Silvia Pinheiro, from FIRB - Financial Investor Relations Brasil - [phone], [e-mail]

SOURCE GENERAL SHOPPING BRASIL S.A.

Copyright 2014 PR Newswire