3 days ago
Brazil fuel distributor Vibra posts 66% profit drop; revenue beats forecasts
SAO PAULO, Aug 11 (Reuters) - Brazilian fuel distributor Vibra ( opens new tab on Monday posted a 66.3% decline in its second-quarter net profit when compared to a year earlier, to 292 million reais ($53.7 million), even as revenue surpassed analyst forecasts.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 1.47 billion reais, down 5%.
Meanwhile, net adjusted revenue rose 8.2% to 45.8 billion reais, above the 43.7 billion reais expected by analysts in a LSEG poll.
($1 = 5.4388 reais)
