São Martinho S.A. Reports Earnings Results for the Third Quarter Ended December 31, 2019
February 10, 2020 at 05:47 pm EST
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São Martinho S.A. Announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was BRL 1,029.194 million compared to BRL 840.778 million a year ago. Operating income was BRL 618.591 million compared to BRL 153.864 million a year ago. Net income was BRL 342.920 million compared to BRL 65.929 million a year ago. For the nine months, total revenue was BRL 2,547.588 million compared to BRL 2,236.671 million a year ago. Operating income was BRL 892.392 million compared to BRL 462.801 million a year ago. Net income was BRL 496.365 million compared to BRL 228.435 million a year ago.
Sao Martinho SA is a Brazil-based sugar and energy company. The Companyâs operations include the production and marketing of sugar, ethanol, electricity and other products from sugarcane. Sao Martinho SAâs operations comprise four mills: Sao Martinho, Santa Cruz and Iracema, as well as Boa Vista. The Companyâs portfolio includes multiple types of sugar, including white, very high polarity and very-very high polarity sugar (VHP and VVHP). Sao Martinho SA produces hydrous ethanol (for ethanol-fueled vehicles), anhydrous ethanol (used as a fuel additive) and industrial grade ethanol for other purposes. It also generates electricity from sugarcane bagasse. The Company has several subsidiaries, including Sao Martinho Terras Agricolas SA, Sao Martinho Terras Imobiliarias SA, Bioenergia Sao Martinho Ltda and Bioenergetica Santa Cruz SA.
SÃO MARTINHO S.A. 
