(SeeNews) - Nov 15, 2011 - Brazilian sugar and ethanol maker Sao Martinho (SAO:SMTO3) posted a net profit of BRL 48.7 million (USD 27.6m/EUR 20.3m) for the second quarter of fiscal year 2011/12, to end in March 2012, an increase of 16.8% year-on-year.