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

Andrew Rogers

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.

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1Q'12 Financial Letter

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