CELPA Reports Earnings Results for the First Quarter of 2016
CELPA reported earnings results for the first quarter of 2016. For the period, the company reported net operating revenue of BRL 984,963 million against BRL 969,457 million a year ago. EBITDA was 123,023 million against BRL 96,462 million a year ago. EBIT was BRL 99,470 million against BRL 40,107 million a year ago. Result before income tax was BRL 36,753 million against BRL 63,052 million a year ago. Net income was BRL 35,912 million against BRL 43,147 million a year ago. Adjusted EBITDA was BRL 106 million against BRL 84 million a year ago. Adjusted net income was BRL 56 million against adjusted net loss of BRL 24 million a year ago.