Cosan's fiscal Q2 net income down nearly 75% year-over-year to 63.2M reais on exchange-rate devaluation on foreign denominated debt; net operating revenue up 44% to 6.8B reais

SAO PAULO , November 10, 2011 (press release) – COSAN LIMITED and COSAN S.A. INDUSTRIA E COMÉRCIO announce today their results for the second quarter of fiscal year 2012 (2Q‘12), ended September 30, 2011. The results for 2Q‘12 are presented on a consolidated basis in accordance with Brazilian (BRGAAP) and international accounting principles (IFRS).

Highlights 2Q’12

  • Raízen Energia EBITDA margin of 31.3%
  • EBITDA margin of R$ 55.7/cbm in Raízen Combustíveis
  • 57.1% growth in Rumo's transportation revenue
  • Net revenue of R$ 267.2 million for the quarter of Cosan Alimentos‘ formation

Industry Intelligence Editor's Note: In an omitted table, Cosan reported fiscal Q2 net sales of 6.8 billion reais and net income of 63.2 million reais.  For the same period a year ago the company reported net sales of 4.72 billion reais and net income of 251.5 million reais.

For comprehensive company financial overviews, please visit our Financial Center.

1Q'12 Financial Letter

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.