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Economy

Owner of Tok&Stok and Mobly has a loss of R$232.7 million in the 2nd quarter

Tok&Stok store in a shopping mall in Ribeirão Preto, SP Reproduction/Tok&Stok The Toky Group, owner of the Tok&Stok and Mobly brands, announced in the early hours of Saturday (15) a net loss of R$232.7 million in the second quarter,...

By 365 Breaking News Editorial Team 1 min read
Owner of Tok&Stok and Mobly has a loss of R$232.7 million in the 2nd quarter
365 Summary

The operating result measured by earnings before interest, taxes, depreciation and amortization (Ebitda) was negative R$156.2 million, compared to a positive Ebitda of R$19.4 million in the same period of the previous year. Gross sales measured by the GMV concept totaled R$295.2 million, falling almost 32% compared to the second quarter of last year.

Editorial reading aid based only on information contained in this story and its identified source.

Tok&Stok store in a shopping mall in Ribeirão Preto, SP Reproduction/Tok&Stok The Toky Group, owner of the Tok&Stok and Mobly brands, announced in the early hours of Saturday (15) a net loss of R$232.7 million in the second quarter, compared to a loss of R$88.9 million a year earlier. According to the balance sheet published by the company undergoing judicial recovery, net operating revenue fell 37.3% to R$207.1 million in the quarter. The operating result measured by earnings before interest, taxes, depreciation and amortization (Ebitda) was negative R$156.2 million, compared to a positive Ebitda of R$19.4 million in the same period of the previous year. Gross sales measured by the GMV concept totaled R$295.2 million, falling almost 32% compared to the second quarter of last year.