Tupy reports results for 1Q16
Solid cash flow generation despite challenging market.
On May 11th, TUPY S.A. reported the results for the 1st quarter of 2016. The conference call will be held on May 12th, at 10:00 AM (EST) / 11:00 AM (BRT).
The main highlights for the quarter are:
- Sales volume: 120 thousand tons - 7% lower than 1Q15.
- Revenues: R$860 million - 9% increase compared to same quarter in 2015.
- Gross Profit: R$146 million - 16.9% margin on revenues.
- Adjusted EBITDA: R$133 million - 15.5% margin on revenues.
- Net income: R$17 million - 2.0% margin on revenues.
- Investments: R$29 million, 30% decrease compared to 1Q15.
Click here to access the Earnings Release.
Click here to access the webcast (in English)