(ADPnews) - Feb 15, 2011 - Brazil's sugar and ethanol company Sao Martinho (SAO:SMTO3) announced yesterday that its net profit soared 132.7% year-on-year to BRL 53.8 million (USD 32.3m/EUR 23.9m) in the third quarter of fiscal year 2010/2011, ending March 31.