Minerva Profits R$ 12.3 mi, but Has 81.5% drop

The Minerva released the balance of the fourth quarter and recorded net profit of 12,300,000 R$. A fall of 81.5% compared to the same period in 2015. The company found the Ebitda, which is measured by earnings before interest, taxes, depreciation and amortization, of 249,900,000 dollars, representing a 25.8% drop compared to the previous year. Had gross revenues 5.5% drop on the same comparative basis, to R$ 2.729 billion. According to the, the domestic market accounted for 43.3% of gross sales, equivalent to R$ 1.182 billion reais, up 29.5% of the value measured in the last quarter of 2015. Abroad, on the other hand, there was low of 21.7% to 1.547 billion R$.
Net sales and investments
And terms of net sales, the income from the Minerva was 2.556 billion R$, 7.2% less than the same period in 2015. The financial results of Minerva was negative at R$ 222,600,000 in the fourth quarter, compared with actual negative 213,900,000 in the last quarter of 2015. The company invested R$ 60,800,000 between October and December, being R$ in operations and maintenance 43,800,000 R$ 17 million in improvements of operations, rising to R$ 220,200,000 the total disbursed in 2016