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Sao Martinho SA (SMTO3.SA)

SMTO3.SA on Sao Paolo Stock Exchange

53.50BRL
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Wed, Nov 9 2016

Brazil's Sao Martinho lowers sugar guidance to 1.3 mln tns - filing

SAO PAULO, Nov 9 Sao Martinho, one of Brazil's largest cane milling groups, lowered its guidance for sugar output to 1.297 million tonnes from 1.356 million previously due to a smaller-than-expected cane crush, the company said in a market filing on Wednesday.

BRIEF-Sao Martinho to propose dividend payment and share capital increase

* Announced on Tuesday that it would propose to pay dividends totalling 55.4 million Brazilian reais ($17.0 million), corresponding to 0.4914 real per share

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