SAO PAULO, Aug 8 (Reuters) - Brazilian pulpmaker Suzano

on Thursday reported a wider than expected net loss

of 3.77 billion reais ($679.18 million) in the second quarter,

compared with a profit of 5.08 billion reais a year earlier,

driven by weaker results in its financial expenses line.

Analysts polled by LSEG estimated a loss of 2.83 billion

reais for the quarter ended in June.

WHY IT'S IMPORTANT

Suzano is the world's largest pulpmaker. It is looking to

expand its paper footprint internationally, even after its

efforts to buy U.S.-based International Paper ( IP ) failed

earlier this year.

BY THE NUMBERS

Suzano's net revenue grew 25% in the second quarter

year-on-year to 11.5 billion reais, with pulp sales, its main

business, rising 1%. Paper sales were up 13%.

The pulpmaker's adjusted earnings before interest, taxes,

depreciation and amortization (EBITDA) jumped 60% to 6.29

billion reais.

However, Suzano reported 11 billion reais in net financial

expenses, compared with net financial revenue of 4.5 billion

reais a year earlier, hit by FX effects and derivatives

operations.

KEY QUOTES

"Pulp market registered another favorable performance during

the second quarter of 2024, which reflected in another round of

price increase implementations and in sales growth, despite a

challenging scenario that emerged in China," Suzano said.

($1 = 5.5508 reais)