Brazil's Fibria books 21 percent rise in quarterly profit

lunes 25 de julio de 2016 07:17 GYT
 

SAO PAULO, July 25 (Reuters) - Fibria SA, the world's largest producer of eucalyptus pulp, reported second-quarter net income of 745 million reais ($229 million) on Monday, up 21 percent from a year earlier.

Earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, fell 33 percent to 786 million reais. Before provisions related to lost tax credits and other one-time accounting revisions, EBITDA fell 20 percent to 925 million reais.

($1 = 3.26 Brazilian reais) (Reporting by Brad Haynes and Alberto Alerigi Jr.; Editing by Bernadette Baum)