São Martinho S.A. Announces Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended September 30, 2017; Revises Production Guidance for the Year 2018
For the six months, the company reported net revenue of BRL 1,426,291,000 against BRL 1,365,885,000 a year ago. Operating profit before financial effects was BRL 290,827,000 against BRL 261,709,000 a year ago. Income before income and social contribution taxes was BRL 213,985,000 against BRL 130,094,000 a year ago. Net income was BRL 169,888,000 against BRL 108,582,000 a year ago. Net cash provided by operating activities was BRL 244,131,000 against BRL 155,619,000 a year ago. Additions to property, plant and equipment and intangible assets was BRL 75,233,000 against BRL 75,792,000 a year ago. Additions to biological assets (planting and crop treatment) was BRL 318,691,000 against BRL 276,161,000 a year ago. Adjusted EBITDA was BRL 866,183,000 against BRL 702,454,000 a year ago. Adjusted EBIT was BRL 479,386,000 against BRL 369,124,000 a year ago. In September, net debt was BRL 2.8 billion.
For the six months, the company reported total TRS production of 2,574 against 2,135 a year ago.
For the full year 2018, the company revises production guidance of total TRS 3,092 compared to 2,977 previous guidance.