CEMAR Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
CEMAR announced consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported
operating revenues of BRL 1,376,435,000 against BRL 1,357,998,000 a year ago. Net operating revenues were BRL 1,020,533,000 against BRL 962,480,000 a year ago. Operating income was BRL 308,923,000 against BRL 183,308,000 a year ago. Net income was BRL 318,246,000 against BRL 154,893,000 a year ago.
For the year, the company reported operating revenues of BRL 5,270,892,000 against BRL 4,682,145,000 a year ago. Net operating revenues were BRL 3,796,771,000 against BRL 3,370,836,000 a year ago. Operating income was BRL 782,465,000 against BRL 616,529,000 a year ago. Net income was BRL 672,357,000 against BRL 489,617,000 a year ago.