Brazil’s Raia Drogasil posts 48% increase in Q2 adjusted net profit

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A logo of the Raia drugstore is seen in Rio de Janeiro

(Reuters) – Brazilian pharmacy chain Raia Drogasil SA posted on Friday a 48% increase on its second-quarter adjusted net profit.

The company’s profit rose to 343.746 million reais ($66.46 million)in the quarter.

Raia Drogasil also reported a second-quarter gross revenue of 7.641 billion reais, a 22.35% increase year-on-year.

Its adjusted EBITDA for the quarter was of 727.5 million reais, a 46.34% increase.

($1 = 5.1724 reais)

(Reporting by Carolina Pulice; Editing by Christian Plumb)

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