Cosan Ltd. Reports Consolidated Earnings Results for the Second Quarter and Year to Date Ended June 30, 2013; Provides Earnings Guidance for the Fiscal Year 2014
For the quarter, the company reported net revenue of BRL 2,225.9 million against BRL 422.2 million a year ago. Operating profit was BRL 286.8 million against BRL 52.1 million a year ago. EBITDA was BRL 381.6 million against BRL 66.8 million a year ago. Net loss before non-controlling interest was BRL 139.6 million against BRL 10.1 million a year ago. Net loss was BRL 198.0 million against BRL 17.1 million a year ago. Capex was BRL 298.2 million against BRL 58.3 million a year ago. Net cash provided operating activities was BRL 356.099 million against Net cash used in operating activities of BRL 53.608 million a year ago. Additions on property, plant and equipment; software; and other intangible assets was BRL 298.166 million against BRL 58.310 million a year ago.
The company provided consolidated earnings guidance for the fiscal year 2014. The company expects consolidated net revenue between BRL 3,950 million and BRL 38,000 million, EBITDA between BRL 3,950 million and BRL 4,350 million and CapEx between BRL 2,950 million and BRL 3,200 million.