Free Market made $55.9 million in Q2

Mercado Libre registered in the second quarter of this year a profit, before taxes, of $89.3 million. Thus, it more than recovered from the $16.7 million loss it had in the first quarter. The net gain for the second quarter (after tax) was $55.9 million. The year-over-year growth was 61%. Despite the positive results the company reported, the Free Market share fell 5.83%, closing at $1,124 per unit. The drop was due to profit-taking by operators.

Source: Ámbito