Ultrapar Q4 net income increases
4 March 2013, Oil, Gas
Net sales and services for the fourth quarter ended December 31, 2012 were BRL14.35 billion, compared to BRL12.76 billion for the fourth quarter ended December 31, 2011.
Net income attributable to shareholders of the company for the year ended December 31, 2012 was BRL1.01 billion, or BRL1.89 per share, compared to BRL854.8 million, or BRL1.59 per share, for the year ended December 31, 2011.
Net sales and services for the year ended December 31, 2012 were BRL53.92 billion, compared to BRL48.66 billion for the year ended December 31, 2011.
Thilo Mannhardt, CEO, said: "With great enthusiasm I assume the position of CEO of Ultrapar, a sound company that has presented sustained growth over its 75 years through different political and economic scenarios in Brazil. In 2012 it was no different: we closed the year with significant earnings growth, despite the lower economic growth. It was also a year of important achievements, conclusion of investments and recognitions. Looking to the future, we have businesses that present several growth opportunities, with quality and profitability, and I am confident that we will continue the path of value creation."
Source: MarketLine
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