Business NewsPR NewsWire • BHG Ends 2009 With R$2.6 Million Net Profit

BHG Ends 2009 With R$2.6 Million Net Profit

BHG Ends 2009 With R$2.6 Million Net Profit

SAO PAULO, March 26 /PRNewswire-FirstCall/ -- BHG S.A. - Brazil Hospitality Group ended 2009 with a consolidated net profit of R$2.6 million compared to a loss of R$214.8 million in 2008. The 2008 loss was mainly due to a R$198.2 million provision to reduce asset recovery value. BHG S.A. -

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BHG Ends 2009 With R$2.6 Million Net Profit