Brazilian pulpmaker Fibria swings to profit in third quarter

1 November 2016

Brazil's Fibria SA, the world's largest producer of eucalyptus pulp, reported third-quarter net income of 32 million reais ($10 million) on Monday, reversing a loss of 601 million reais a year earlier.

Earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, fell by half to 724 million reais, slightly below a Thomson Reuters consensus of 760 million reais among analysts. Excluding one-time and non-cash effects, Fibria reported adjusted EBITDA of 758 million reais in the quarter.

 

Source : reuters.com