News: Sao Martinho SA (SMTO3.SA)

SMTO3.SA on Sao Paolo Stock Exchange

35.20BRL
2:05pm EST
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R$ 0.06 (+0.17%)
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Tue, Nov 11 2014

Brazil sugar group São Martinho posts 89 pct profit rise

SAO PAULO, Nov 11 - Brazilian sugar and ethanol milling group São Martinho SA posted a profit of 115.2 million reais ($45 million) in its second quarter, up 89 percent from a year earlier helped by the sale of agribusiness assets, the company said.

UPDATE 2-Rain curbs Brazil's sugar output in late July - Unica

(Adds futures prices, detail from Sao Martinho earnings report)

Brazil sugar maker Sao Martinho's profit jumps 75 percent

SAO PAULO, Aug 12 - Sao Martinho, a Brazilian sugar and ethanol producer, reported a quarterly net profit of 60.7 million reais ($27 million), up 75 percent from a year earlier, due to improved cane crushing volumes.

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