Business · Companies · 3 hrs ago

RD Saúde reports 9.2% rise in third-quarter profit

RD Saúde reports 9.2% rise in third-quarter profit

Brazilian pharmacy group RD Saúde reported higher third-quarter profit, with adjusted net income reaching R$439.1 million, up 9.2% from a year earlier.

The company owns the Raia and Drogasil pharmacy chains.

Revenue rose 7.8% to R$11.4 billion, helped by stronger sales.

Sales at existing stores grew 10.1%, while sales of branded medicines, including GLP-1 treatments for diabetes and obesity, rose 19.8%.

Online sales grew 27.2% and made up 29.4% of retail revenue.

Profit growth came as financial expenses fell, but the company still faced pressure on its margins, and its adjusted EBITDA margin slipped slightly.

The company said supplies of new semaglutide brands remained limited; no further plans were stated.

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We still observe limited supply from the industry for these new brands.
via CNN Brasil