(SeeNews) - Feb 15, 2012 - Brazil's sugar and ethanol company Sao Martinho (SAO:SMTO3) announced yesterday that its consolidated net profit slipped 35.6% year-on-year to BRL 44.9 million (USD 26m/EUR 19.8m) in the third quarter of fiscal year 2011/2012, to end on March 31.