Guararapes Confecções S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021
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Guararapes Confecções S.A. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net income was BRL 46.109 million compared to net loss of BRL 296.242 million a year ago. Basic earnings per share from continuing operations was BRL 0.09237 compared to basic loss per share from continuing operations of BRL 0.59343 a year ago. For the half year, net loss was BRL 58.808 million compared to BRL 343.759 million a year ago. Basic loss per share from continuing operations was BRL 0.1178 compared to BRL 0.68862 a year ago.
Guararapes Confeccoes SA is a Brazil-based company primarily engaged in the fashion industry. The Company is involved in the manufacture, wholesale, retail and export of clothing and fabrics, as well as in the import and wholesale of footwear, bath and table linens, perfumes and cosmetics, among others. The Company's activities are divided into three business segments: Retail, which focuses on selling apparel and other goods through stores network under the Lojas Riachuelo brand name; Finance, which offers consumer loans granted through credit cards, and Other, which includes commercial real estate rental and management, as well as road trucking, among others. The Company operates through a number of subsidiaries, such as Lojas Riachuelo SA, Midway Shopping Center Ltda, Midway SA - Credito Financiamento e Investimento and Transportadora Casa Verde Ltda.
GUARARAPES CONFECÇÕES S.A. 
