Bematech Q1 net profit falls 55.9% to US$2.9mn

Tuesday, May 17, 2011

Bematech, a leading manufacturer of industrial automation products in Brazil, posted a consolidated net profit of 4.69mn reais (US$2.88mn) in the first quarter of 2011, down 55.9% compared to same period a year earlier.

Bematech's Q1 Ebitda retreated 59.5% to 7.41mn reais, from 18.3mn reais a year ago.

Gross profit was down 14.4% to 70.7mn reais, from 82.6mn reais in the first quarter of 2010.

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