16.8 C
New York
Wednesday, May 25, 2022
More

    Latest Posts

    Raízen (RAIZ4) has adjusted net income of BRL 209.7 million, down 48.3%

    - Advertisement -
    Raízen’s net operating revenue was R$53.49 billion (Image: Reproduction/Raízen)

    THE root (ROOT4) reported adjusted net income of R$ 209.7 million in the fourth quarter of the 2022 crop year, down 48.3% compared to the same period last year, the company said on Friday (13).

    THE adjusted EBITDAwhich measures the operating result, was R$ 1.779 billion, a decrease of 30.2%.

    THE operating net revenue stood at R$ 53.49 billion, an increase of 50.1%.

    THE cash flow stood at 4.8 billion, growth of 67.1%. Net debt was R$13.82 billion, down 2.4%.

    - Advertisement -

    “The decrease reflects the improvement in the operating result, the results of the companies acquired in the period, the inflow of funds from the IPO, partially offset by the cash outflow related to the acquisition of Biosev and greater inventories of sugar and ethanol to be sold later”, he explains. to Raízen.

    The cash and cash equivalents position reached R$8.3 billion in the quarter, in addition to the availability of USD1 billion in a revolving credit line with a syndicate of banks.

    THE net debt on the helped Ebitda stood at 1.3 times, compared to 2.1 times in the same cycle last year.

    Disclaimer

    The Money Times publishes articles of a journalistic nature, which aim at the democratization of information. Our publications must be understood as announcing and disseminating bulletins, and not as an investment recommendation.

    Receive Money Times newsletters!

    Sign up for our newsletters and always be well informed with the news that enrich your day! Money Times brings 8 curators covering the main themes of the market. Register now and receive the information directly in your email. It’s free!

    Source: Moneytimes

    - Advertisement -
    spot_img

    Latest Posts

    spot_img

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.