BR Malls Posts Surge In Q3 Net Profit

BR Malls Participacoes SA BRMSY reported a rise in its third-quarter net profit. BR Malls' quarterly net profit surged to 100.7 million Brazilian reais ($49.3 million), from BRL9.3 million, in the year-earlier quarter. Its net revenue climbed to BRL278.3 million from BRL219.3 million, while earnings before interest, taxes, depreciation and amortization rose to BRL221.8 million from BRL174.2 million.