Diversification enables robust margins
On August 12th, TUPY S.A. reported the results for the 2nd quarter of 2015. The conference call will be held on May 13th, at 10:00 AM (EST) /11:00 AM (BRT).
The main highlights for the quarter are:
- Sales volume: 142 thousand tons – 4% lower than 2Q14
- Revenues: R$911 million – 20% increase compared to same quarter in 2014.
- Gross Profit: R$198 million – 21.7% margin on revenues – 4.8p.p. higher than 2Q14.
- Adjusted EBITDA: R$184 million – 65% increase compared to2Q14 and equivalent to 20.2% of revenues in 2Q15, best margin since 3Q10.
- Net income: R$61 million – 6.7% on revenues, for the 2Q since 2011.
- Investments: R$43 million, 17% decrease compared to 2Q14.
Click here to access the Earnings Release.
Click here to access the webcast (in English)