Brazilian UAA profit falls 6.9% in FY 2011

Sep 14, 2012 - Brazilian sugar and ethanol maker Usina Alto Alegre (UAA) posted a net profit of BRL 207.1 million (USD 102.5m/EUR 78.6m) for fiscal year 2011/12, which ended on April 30, down 6.9% year-on-year.
The performance was affected mainly by the company's negative net financial result of BRL 99.7 million, versus a financial profit of BRL 8.9 million a year earlier.
UAA's revenue, on the other hand, rose by 9.87%, to BRL 1.202 billion.
The earnings before interest and taxes (EBIT) totalled BRL 419.2 million, up 27.9% in annual terms. EBIT margin climbed to 34.85% from 29.89%.
At the end of April 2012, the company's net debt stood at BRL 400.5 million, compared with BRL 388 million at end-2010/11.
UAA has four sugar and ethanol producing plants with processing capacity of 8.8 million tonnes of cane sugar per crop. Their combined ethanol production capacity is of 205 million litres (54.1m gallons) of ethanol, both hydrous and anhydrous. The company also has an energy co-generation capacity of 54 MWh. One of UAA's plants is located in southeastern Sao Paulo state, while the other three -- in southern in Parana state

(BRL 1 =USD 0.495/EUR 0.38)

Choose your newsletter by Renewables Now. Join for free!