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People & Business :: Earnings/Finance

Fertilizantes Heringer's net loss widens in the second quarter

7:21 AM MDT | August 9, 2013 | Francinia Protti-Alvarez

Fertilizantes Heringer (Paulínia, Brazil) reported a net loss of 63.9 million Reais ($27.7 million) during the second quarter of 2013, 27.6% bigger than the loss reported in the same period of the previous year, the company announced today. Ebitda was down to R$31.5 million compared with R$51.9 million in the second quarter of 2012. Sales fell to R$882.6 million, about 8% lower than during the same period last year, when revenue stood at R$956.8 million. Sales volume also declined 14.5%, to 818,146 m.t. during the quarter, from 956,951 m.t. the same period...

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