Grupo De Moda Soma S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 19, 2021 at 05:54 am
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Grupo de Moda SOMA S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was BRL 474.9 million compared to BRL 368.7 million a year ago. Net income was BRL 39.9 million compared to BRL 38.7 million a year ago. For the full year, total revenue was BRL 1,243.8 million compared to BRL 1,304.1 million a year ago. Net loss was BRL 69.7 million compared to net income of BRL 126.8 million a year ago.
Grupo de Moda SOMA SA, formerly known RBX Rio Comercio de Roupas SA is a Brazil-based company active in the fashion industry. The Company operates a platform of exclusive fashion brands, such as Fabula, a children's clothing retailer that offers garments for boys, girls and infants; Foxton, a Brazilian retailer of clothes, footwear, and accessories; Maria Filo, a fashion brand with womenâs clothing, jewelry and bags in its offering, Off Premium, a brand that offers female and masculine fashion, as well as Hering, a fashion brand that offers sport clothes, among others. The Company has several subsidiaries, including Plantage Rio, Inc, Cidade Maravilhosa Industria e Comercio de Roupas SA, SOMA Ventures Participacoes Ltda as well as ByNV Comercio Varejista de Artigos do Vestuario SA.
GRUPO DE MODA SOMA S.A. 
