12 de mayo de 2017 / 12:45 / en 3 meses

Brazil Kroton forecasts $671 mln recurring net income for 2017

SAO PAULO, May 12 (Reuters) - Kroton Educacional SA forecast 2017 recurring net income of 2.105 billion reais ($671 million), a 5.6 percent increase from the year before, Brazil's largest for-profit education firm said in a Friday securities filing.

Earnings before interest, tax, depreciation and amortization, a gauge of operating profit known as EBITDA, is expected to come in at 2.420 billion reais, or 44.1 percent of net revenue. Kroton expects capital spending to correspond to 8.9 percent of net revenue.

$1 = 3.1371 reais Reporting by Bruno Federowski; Editing by Daniel Flynn

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