(Image: Reuters/Amanda Perobelli)
The Ultra Industrial Conglomerate (UGPA3) had net income of R $ 363 million January at the end of Marcha 20% drop over a year before and below the average market expectation.
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The company, owner of the Ipiranga stations network, found an operating result measured by profit before interest, taxes, depreciation and amortization (EBITDA) adjusted of R $ 1.19 billion in the period, a 12% drop over the performance one year earlier.
Analysts, on average, expected net income of R $ 393 million under ebitda of R $ 1.36 billion for Ultra in the first quarter, according to predictions compiled by LSEG.
Source: Moneytimes
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