Netshoes (Cayman) Ltd.: Third Quarter 2018 Results
NETSHOES (CAYMAN) LTD (NETS)
Last netshoes (cayman) ltd earnings: 11/13 05:09 pm
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US:NYSE Investor Relations:
businesswire.com/news/home/20171110005553/en/netshoes-cayman-ltd.-announces-date-quarter-2017
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Source: Business Wire
SÃO PAULO--(BUSINESS WIRE)-- Netshoes (Cayman) Ltd. (NYSE:NETS) (“Netshoes”), Latin America’s leading online retailer of sporting and lifestyle goods, today reported unaudited consolidated financial results for the nine and three-month period ended September 30, 2018. The results are stated in Brazilian Reais (“R$”) and prepared in accordance with International Accounting Standard 34, “Interim Financial Reporting”. Comparative information for the nine and three-month period ended September 30, 2017 were restated for the purposes of applying IFRS 5 "Non-current assets held for sale and discontinued operations" after approval by the Board of Directors of the sale of its operations in Mexico. Third Quarter 2018 Key Highlights Growth in net sales: R$417.8 million, up 0.5% year-on-year on an FX neutral basis Discontinuation of B2B operations to focus on core B2C bu
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