SAO PAULO, June 11 (Reuters) - Brazilian retailer
Americanas posted 3.76 billion reais ($701.18
million) in net revenue for the first quarter this year,
unaudited results showed on Tuesday, up 3.6% from the same
period a year earlier.
Americanas did not provide a comparison base for the results
when it released them on Tuesday through a securities filing,
but it had previously reported a 3.63 billion-real net revenue
for the first quarter of 2023.
The nearly century-old company, which is backed by the trio
of billionaires that founded investment firm 3G Capital, has
been in bankruptcy protection since early last year, when it
uncovered some $4 billion in accounting inconsistencies.
The firm posted adjusted earnings before interest, taxes,
depreciation and amortization (EBITDA) of 284 million reais ($53
million) for the period.
The retailer on Tuesday also released some unaudited
results for the full year of 2023, since it had previously only
disclosed the earnings for the first nine months of last year.
Americanas said in the filing it expects to report the
audited numbers for both 2023 and the first quarter of 2024 as
soon as an independent committee concludes its investigation
into the firm's accounting scandal.
It added it expects to revert its current negative net
equity in the third quarter of 2024 due to the effects of the
debt restructuring it has been implementing.
($1 = 5.3624 reais)