financetom
Business
financetom
/
Business
/
Brazilian pulpmaker Klabin's earnings up 33% in third quarter
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazilian pulpmaker Klabin's earnings up 33% in third quarter
Nov 4, 2024 11:36 AM

Nov 4 (Reuters) - Brazilian pulpmaker Klabin

posted adjusted earnings before interest, tax, depreciation and

amortization (EBITDA) of 1.81 billion reais ($308.47 million),

up 33% from a year earlier, it said on Monday in a securities

filing.

WHY IT'S IMPORTANT

Klabin is one of the largest pulpmakers in Brazil. It

owns 23 plants in the country and is the largest producer and

exporter of packaging papers in the country.

BY THE NUMBERS

The company's EBITDA was above the median estimate of

1.77 billion reais projected in an LSEG poll.

Klabin posted a net profit of 729 million reais in the

third quarter.

The company's net revenue grew 14% year-on-year to 5

billion reais in the third quarter.

KEY QUOTES

"The third quarter of 2024 was marked by ongoing

improvement in market conditions in the paper and packaging

segments, observed since the beginning of the year," Klabin said

in a statement.

It added, however, that these positive factors were only

partially reflected in its third quarter results due to

logistics bottlenecks in Southern Brazilian ports.

($1 = 5.8677 reais)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Q-Gold Resources Appoints Peter Tagliamonte as Chief Executive Officer
Q-Gold Resources Appoints Peter Tagliamonte as Chief Executive Officer
Jul 17, 2025
09:15 AM EDT, 07/17/2025 (MT Newswires) -- Q-Gold Resources ( QGLDF ) on Thursday appointed Peter Tagliamonte as chief executive. Tagliamonte has more than 30 years of specialized experience in open pit and underground mine development, and shaft sinking, the company said, adding that Andreas Rompel assumed the role of chief operating officer and VP exploration. ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BRIEF-Arthur J. Gallagher & Co. Acquires The Equinox Agency, LLC
BRIEF-Arthur J. Gallagher & Co. Acquires The Equinox Agency, LLC
Jul 17, 2025
July 17 (Reuters) - Arthur J. Gallagher & Co. ( AJG ): * ARTHUR J. GALLAGHER & CO. ( AJG ) ACQUIRES THE EQUINOX AGENCY, LLC * ARTHUR J. GALLAGHER & CO. ( AJG ): TERMS OF TRANSACTION WERE NOT DISCLOSED * ARTHUR J. GALLAGHER & CO. ( AJG ) - TERMS OF TRANSACTION WERE NOT DISCLOSED Source text: Further...
Crypto firm Bitcoin Standard to go public through deal with Cantor-backed SPAC
Crypto firm Bitcoin Standard to go public through deal with Cantor-backed SPAC
Jul 17, 2025
(Reuters) -Crypto firm Bitcoin Standard Treasury Company is aiming to list on the Nasdaq through a merger with a Cantor Fitzgerald-backed blank check vehicle, the company said on Thursday. The move comes roughly four months after Cantor teamed up with Tether and Softbank for a $3.6 billion crypto venture to buy bitcoin. Bitcoin Standard will go public with over 30,000...
Copyright 2023-2026 - www.financetom.com All Rights Reserved