12 de agosto de 2016 / 11:02 / en un año

Brazil's Estácio reports surprise Q2 loss of 20 mln reais

SAO PAULO, Aug 12 (Reuters) - Brazilian education company Estácio Participações SA reported a surprise second-quarter loss of 19.9 million reais ($6.3 million), as a second year of crippling recession weighed on students’ ability to pay tuition.

The consensus estimate was for a 109 million reais profit.

Earnings before interest, taxes, depreciation and amortization (EBITDA) at 43.6 million reais were less than one-third of the 171 million expected by analysts.

$1 = 3.1387 Brazilian reais Reporting by Tatiana Bautzer; editing by Jason Neely

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