FOREX TradingCharts.com

Financial News: SUZANO: Net Income Rises 80.6% In 1Q18 To

SUZANO: Net Income Rises 80.6% In 1Q18 To R$ 813 Million

05/01/2018 - 10:38:00 (RTTNews)

(RTTNews) - Brazilian papermill Suzano reported a net profit of R$ 813 million (US$ 232.44 million) in the first quarter of 2018, an increase of 80.6% over the same period in 2017. The increase was driven by the 49.2% increase in the average price of pulp sold by the company in the period, the rise of the average price of exported pulp and the devaluation of the Brazilian real against the U.S. dollar.

The company's net revenue rose 33.1% in the first three months of 2018 compared to the same period in 2017, to R$ 2.99 billion, while the company's adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 80.4% in the first quarter of 2018 on the same comparison basis, to R$ 1.528 billion.

In the first quarter of 2018, Suzano added 1.16 million tons of pulp and paper, down 1.7% compared to 2017 - of that total, 876,000 tons of pulp (-4.3%) and 284,000 tons of paper (+7.3%).

The company's pulp and paper production increased by 5.7% in the first quarter of 2018 to 1.213 million tons - 918,000 tons of pulp (+5.1%) and 295,000 tons of paper (+7.5%).

Suzano's operating cash generation was R$ 1.265 billion in the first three months of 2018, 2.03 times higher than in 2017, tracking the strong increase in the price of the commodity.

The company's net debt fell 5.1% in the period, to R$ 9.254 billion, leading its indebtedness, calculated by the net debt/EBITDA ratio, to decline from 2.8 times to 1.7 times.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan & Singapore Renew Bilateral Swap Deal (15 min(s), 44 sec(s) ago)
(RTTNews) - Japan and Singapore renewed their bilateral swap arrangement that enable both countrie ...Full Story»

Poland's Producer Price Inflation Exceeds Expectations (43 min(s), 44 sec(s) ago)
(RTTNews) - Poland's producer prices increased more than expected in April, the Central Statis ...Full Story»

Thailand's Economy Expands Most In 5 Years (01 hr(s), 50 min(s), 44 sec(s) ago)
(RTTNews) - Thailand's economy expanded at the fastest pace in five years in the first quarter ...Full Story»

Estonia PPI Inflation Eases In April (03 hr(s), 29 min(s), 44 sec(s) ago)
(RTTNews) - Estonia's producer price inflation eased in April after accelerating in the previo ...Full Story»

South Korea PPI Inflation Accelerates In April (04 hr(s), 11 min(s), 44 sec(s) ago)
(RTTNews) - South Korea's producer price inflation accelerated in April after remaining stable ...Full Story»

New Zealand Credit Card Spending Rises Further (04 hr(s), 28 min(s), 44 sec(s) ago)
(RTTNews) - Total credit card spending in New Zealand increased for the third straight month in Ap ...Full Story»

Thai GDP Growth Accelerates In Q1 (04 hr(s), 55 min(s), 44 sec(s) ago)
(RTTNews) - Thailand's economic growth accelerated in the first quarter, the National Economic ...Full Story»

Squeeze On UK Household Finances Moderate In May (45 min(s), 16 sec(s) ago)
(RTTNews) - British households' current financial pressures softened in May, helped by a combi ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan & Singapore Renew Bilateral Swap Deal

05/21/2018 - 04:49 AM (RTTNews)
(RTTNews) - Japan and Singapore renewed their bilateral swap arrangement that enable both countrie ...Full Story>>

Poland's Producer Price Inflation Exceeds Expectations

05/21/2018 - 04:21 AM (RTTNews)
(RTTNews) - Poland's producer prices increased more than expected in April, the Central Statis ...Full Story>>

Thailand's Economy Expands Most In 5 Years

05/21/2018 - 03:14 AM (RTTNews)
(RTTNews) - Thailand's economy expanded at the fastest pace in five years in the first quarter ...Full Story>>

Estonia PPI Inflation Eases In April

05/21/2018 - 01:35 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation eased in April after accelerating in the previo ...Full Story>>

South Korea PPI Inflation Accelerates In April

05/21/2018 - 00:53 AM (RTTNews)
(RTTNews) - South Korea's producer price inflation accelerated in April after remaining stable ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.