Brazil’s Paranapanema reports return to positive earnings in Q4

Earnings at Brazilian copper products producer Paranapanema returned to a positive figure in the fourth quarter of 2017 amid the company’s continuing process of operational recovery.

The company reported earnings before interest, taxes, depreciation and amortization (Ebitda) of 20.1 million Reais ($6.18 million) in the last quarter of 2017. This compared with a loss of 15.1 million Reais a year earlier. In the full year of 2017, Paranapanema had negative earnings of 214.7 million Reais, mostly due to the settlement of a tax contingent liability, against a positive Ebitda figure of 108.4...

Published

Danielle Assalve

February 08, 2018

19:00 GMT

São Paulo