BR Malls' profit and revenue increased in the 2nd quarter

BR Malls posted a net income of R$156 million in the second quarter, reversing the loss of R$112.9 million from a year earlier

In adjusted terms, considering the effects of taxes and investments, net income was R$165.9 million, almost triple compared to the same period in 2021.

The shopping mall operator's revenues totalled R$ 356.3 million between April and June, an increase of 36.1% in the annual comparison.

Operating cash flow, used to measure the company's operationalization, was R$ 173.8 million, reversing a negative number from a year earlier.