10 de agosto de 2016 / 22:42 / hace un año

Brazil's Cosan misses profit estimates as revenue declines

SAO PAULO, Aug 10 (Reuters) - Cosan SA Industria & Comercio , one of Brazil's largest energy and logistics group, missed second-quarter profit estimates on Wednesday after revenue declined and expenses and taxes rose sharply.

São Paulo-based Cosan earned 281.6 million reais ($89.9 million) in net income last quarter, compared with 16.4 million reais in the year-earlier period. The number was slightly below analysts' average consensus estimate of 294.5 million reais for profit in the second quarter, as compiled by Thomson Reuters.

$1 = 3.13 Brazilian reais Reporting by Marcelo Teixeira; Additional reporting by Guillermo Parra-Bernal; Editing by Alan Crosby

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