Brazil's Fibria posts smaller-than-expected quarterly loss

viernes 24 de abril de 2015 07:26 GYT
 

SAO PAULO, April 24 (Reuters) - Brazil's Fibria Celulose SA, , the world's largest producer of eucalyptus pulp, on Friday posted a first-quarter net loss of 566 million reais ($190 million), down from a net profit of 19 million reais a year earlier.

The loss was smaller than the 833 million reais shortfall that analysts forecast on average in a Reuters survey.

Earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, rose 48 percent to 1.007 billion reais, adjusting for non-recurring and non-cash items, above an average forecast of 931 million reais.

($1 = 2.98 Brazilian reais) (Reporting by Priscila Jordao Editing by W Simon)