(SeeNews) - Aug 16, 2011 - Brazilian sugar and ethanol maker Sao Martinho (SAO:SMTO3) posted a net profit of BRL 37.9 million (USD 23.9m/EUR 16.6m) for the first quarter of fiscal year 2011/2012, to end on March 31, 2012, up 99.1% year-on-year.