date:Aug 19, 2014
primarily by an increase in number of franchised retail outlets to 1,134, as compared to 982 a year ago.
Operating expenses increased 23% to R$ 62.3 million in the second quarter of 2014, compared to R$ 50.7 million in the second quarter of 2013. As a percentage of revenue, operating costs were 86.8% of total revenue in the second quarter of 2014 as compared to 89% of total revenue in the second quarter of 2013.
Operating income for the second quarter of 2014 was R$ 9.5 million, an increase of