SAO PAULO, Oct 24 (Reuters) - Brazilian pulp maker
Suzano posted on Thursday a 3.24 billion real ($572
million) net profit for the third quarter, swinging to the black
after a 729 million real loss a year earlier, due to higher
revenues and net financial results.
Suzano's net profit came above the 2.72 billion reais
expected by analysts in an LSEG poll.
Its net revenue totaled 12.27 billion reais, mostly in line
with the 12.16 billion reais estimated by analysts, jumping 37%
year-on-year as both pulp sales and prices increased in the
period.
Suzano, the world's largest producer of pulp made from
eucalyptus, sold 2.6 million metric tons of pulp, up 6% from the
same quarter last year.
Adjusted earnings before interest, taxes, depreciation
and amortization (EBITDA) soared 77% in the period to 6.52
billion reais.
Suzano's net profit was also boosted by a net financial
revenue of nearly 900 million reais, reversing the almost 3.5
billion reais in net financial expenses a year earlier, driven
by gains from hedge operations and the weakness of the Brazilian
real versus the U.S dollar.
($1 = 5.6643 reais)