Klabin has 56% lower profit in the quarter of R $ 202 mi

SAO PAULO-the end of the first quarter of 2013, Klabin reported net income of $ 202 million against R $ 459 million in the same period last year, representing a fall of 56%. In comparison with the fourth quarter of 2012, however, there was an increase of 38%, while net income was r $ 147 million.
The Ebitda (earnings before interest, taxes, depreciation and amortization) on the criterion set was $ 384 million, up 23% for the first three months of 2012, but stable compared to the fourth quarter.
In the report, the company justified that the year 2012 presented great evolution in performance with improving the efficiency of factories and improve the mix of products and markets. "The combination of these factors continued to boost the results during the first quarter of 2013, which presented adjusted Ebitda growth of 23% compared to the same period in the previous year", justified the Klabin, in a report.
Net revenues in the first quarter totaled r $ 1,066 billion, 10% higher than the first three months of 2012. According to the report, the increase in revenue was the result of greater selectivity of sales to various markets.
The financial results in the first quarter, excluding exchange rate variations, was negative in R $ 43 million. Financial revenues were $ 46 million and expenses were $ 89 million. In the first quarter of 2012 the financial result was also negative, for $ 21 million.