Mercantil do Brasil Financeira S.A Announces Consolidated and Parent Earnings Results for the Nine Months Ended September 30, 2012
For the period, on consolidated basis, the company reported financial income of BRL 1,785,793,000 compared to BRL 1,507,509,000 for the same period a year ago. Operating income was BRL 91,933,000 compared to BRL 66,771,000 for the same period a year ago. Income before taxes and profit sharing was BRL 85,072,000 compared to BRL 51,182,000 for the same period a year ago. Net profit was BRL 47,934,000 compared to BRL 71,307,000 for the same period a year ago. Net cash arising from operating activities was BRL 676,294,000 compared to BRL 800,168,000 for the same period a year ago. Amount spent on acquisition of property and equipment in use was BRL 15,507,000 compared to BRL 20,297,000 for the same period a year ago. Amount spent on acquisition of leasing property and equipment was BRL 2,945,000 compared to BRL 5,717,000 for the same period a year ago. Annualized return on average equity was 8% compared to 16% for the same period a year ago.