Suzano closes first quarter drop of 41.6% in profit

Suzano Papel e Celulose ended the first quarter with net income of $ 41.9 million, down 41.6% compared to the r $ 71.8 million from the same period in 2012. NET, on the other hand, showed an increase of 13.2%, from r $ 1.03 billion to $ 1.17 billion.
The costs of goods and services sold increased 4.4%, less than the recipe, but operating expenses grew more, 25%. The net financial result came out of an income of $ 88 million to an expense of r $ 80 million, hurting earnings of Suzano.
The earnings before interest, taxes, depreciation and amortization (Ebitda) rose by 37.4% to r $ 327 million. The number was benefited by the increase in the average net price of pulp and paper, depreciation of the real against the dollar, with impact on export revenues, increased sales of paper on the internal market and reducing costs. The downside, Ebitda was impacted by increased costs for products sold and reduction in the volume of sales of pulp and paper exports.
In addition to the operational factors that affected Ebitda, the company said that net income was negatively impacted by the financial results for the period Exchange variation, by income tax and social contribution and by the depreciation, amortization and depletion.