SAO PAULO, March 15 (Reuters) - Brazilian mall operator BR Malls Participações on Wednesday reported an annual 464 percent fall in net income to a negative 147.6 million reais in the fourth quarter as an economic downturn weighed on results.
The figure was well below a consensus estimate of a 68.81 million reais net profit compiled by Thomson Reuters. For the first time in history, BR Malls reported a fall in same-store-sales, it said.
Earnings before interest, tax, depreciation and amortization (EBITDA), a gauge of operating profitability, fell sharply by 330 percent to a negative 542.3 million reais, missing an estimate of 296.4 million reais positive EBITDA. (Reporting by Ana Mano; Editing by Sandra Maler)