Cosan Limited’s adjusted net income totaled R$192 million ($48.7 million) in third-quarter 2018, down 28% from the year-ago tally of R$268 million ($84.7 million). However, net income surged 69% from R$114 million ($36.1 million) recorded in second-quarter 2018.
Revenues Increase Y/Y
In the reported quarter, Cosan’s net revenues came in at R$4,778 million ($1,211 million), reflecting year-over-year growth of 29%. On a sequential basis, the top line increased 17%.
The company operates under two business segments — Cosan S.A. and CosanLogistica S.A. While Cosan S.A includes RaizenEnergia, RaizenCombustiveis, Comgas, Moove and Cosan Corporate, CosanLogistica comprises the RumoLogistica business.
Rise in Cost of Sales Impacts Gross Margin
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Cosan Limited’s adjusted net income totaled R$192 million ($48.7 million) in third-quarter 2018, down 28% from the year-ago tally of R$268 million ($84.7 million). However, net income surged 69% from R$114 million ($36.1 million) recorded in second-quarter 2018.
Revenues Increase Y/Y
In the reported quarter, Cosan’s net revenues came in at R$4,778 million ($1,211 million), reflecting year-over-year growth of 29%. On a sequential basis, the top line increased 17%.
The company operates under two business segments — Cosan S.A. and CosanLogistica S.A. While Cosan S.A includes RaizenEnergia, RaizenCombustiveis, Comgas, Moove and Cosan Corporate, CosanLogistica comprises the RumoLogistica business.
Rise in Cost of Sales Impacts Gross Margin
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>