Kepler Weber’s profit reached 22.6 million dollars
06 December 20131 min reading
Kepler Weber reached 22.6 million dollars gross profit in the third quarter of 2013 together with the increasing agricultural production and storage.
Kepler Weber S.A., the controller of the Kepler Weber Group, reported that gross profit for the third quarter increased 144.6% ($22.6 million) compared to the same period a year ago. Operating profit increased 258.1% and net profit was up 172.2% to BRL 19.8 million. Within this favorable context, and mostly because of robust and consistent revenue throughout the year, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) reached BRL 35.7 million (15,3 million dollars) against BRL 12.2 million achieved in the same quarter last year, with a 12.9% margin.
When compared to the accumulated amount of the year, there was a 56.1% increase in net revenue compared to the previous year (BRL 415.2 million in 2013 against BRL 266 million in 2012). The net revenue performance reflects an excellent time for the agribusiness market, pushed by an increased demand for storage through loan facilities and by the record-breaking volumes of the harvest.
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