Santos Brasil reports a R$ 29.1 million EBITDA and a 13.9% margin in Q317
(World News Brazil)

The operational reorganization process initiated in Santos Brasil at the end of last year positively impacted the third quarter of 2017, driving a significant recovery in the Company´s financial results. One recovery indicator in Q317 was the EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 29.1 million with a 13.9% margin. Recurrent EBITDA was R$ 17.3 million, with an 8.3% margin. In the first nine months of the year, recurring EBITDA totaled R$ 54.5 million, with an 8.8% margin. The Company went back to recording net income, which was R$ 1.0 million in the period, reversing net losses of R$ 1.1 million in Q316 and R$ 20.7 million in Q217. With low leverage,...