8 de agosto de 2014 / 0:06 / hace 3 años

Brazil's Cetip misses profit estimates as expenses climb

SAO PAULO, Aug 7 (Reuters) - Net income at Cetip SA Mercados Organizados, Brazil's largest securities clearinghouse, missed estimates for the second quarter after expenses rose faster than expected.

Profit at the Sao Paulo-based company reached 99.5 million reais ($43.3 million) in the quarter, up 9.1 percent from a year earlier but down 0.5 percent on a quarterly basis. A Reuters poll of five analysts predicted net income of 106 million reais in the quarter.

Earnings before interest, tax, depreciation and amortization, a gauge of operational profits known as EBITDA, was 172 million reais, above the poll's estimate of 168 million reais.

$1 = 2.30 Brazilian reais Reporting by Guillermo Parra-Bernal; Editing by Ken Wills

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below