Brazil energy company Cosan reports Q4 net income of $248 mln

1 minute read

The company logo for Cosan is displayed on a screen on the floor of Brazil's B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. REUTERS/Amanda Perobelli

Register now for FREE unlimited access to

Feb 18 (Reuters) - Brazilian energy and logistics company Cosan SA (CSAN3.SA) on Friday reported a quarterly net income of 1.277 billion reais ($248.52 million), higher than the 112 million reais net loss seen in the same period of the previous year but below the record 3.26 billion reais net profit posted a quarter earlier.

Cosan's net revenue came in at 34.3 billion reais ($6.68 billion), a 52.4% rise from the same period of 2020, driven mainly by results from its sugar and ethanol unit Raizen (RAIZ4.SA). Analysts polled by Refinitiv's Eikon expected it to reach an average of 30.0 billion reais.

($1 = 5.1385 reais)

Register now for FREE unlimited access to
Reporting by Gabriel Araujo and Carolina Pulice; Editing by Sandra Maler

Our Standards: The Thomson Reuters Trust Principles.