14 de agosto de 2017 / 21:43 / hace un mes

Brazil's CCR books strong profit after buying out concession partners

SAO PAULO, Aug 14 (Reuters) - CCR SA’s second-quarter net income more than quadrupled from a year earlier to 667 million reais ($209 million) after Brazil’s biggest toll road operator bought its partner’s stakes in a Sao Paulo subway and Rio de Janeiro roads, according to a securities filing on Monday.

Earnings beat an average estimate of 332 million reais in the Thomson Reuters analyst consensus. Earnings before interest, taxes, depreciation, amortization, maintenance and concession fees rose 70 percent to 1.629 billion reais, above an average forecast of 1.164 billion reais.

$1 = 3.19 reais Reporting by Aluisio Alves; Editing by Dan Grebler

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