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MeneameBear Stearns has revised its third quarter results forecast for Brazilian rail operator América Latina Logística (ALL), local news service Agência Estado reported.
The investment bank reduced estimated consolidated revenue from 553mn reais (US$258mn) to 548mn reais, while increasing Ebitda forecast from 193mn reais with a 34.9% margin, to 200mn reais with a margin of 36.5%.
Bear Stearns expects ALL to post net revenue of approximately 8.6mn reais.
The revised expectations were the result of the speed at which ALL has progressed with the restructure of recently acquired railroad company Brasil Ferrovias, Bear Stearns analyst Sara Delfim was quoted as saying.
ALL will release third quarter results on November 14.
In the first quarter of 2007, when Brasil Ferrovias is fully integrated, ALL will run the largest rail network in Latin America, extending 21,000km.
The network, linking Brazil's central-western region to Argentina, will operate across Brazil's Mato Grosso, Mato Grosso do Sul, São Paulo, Paraná, Santa Catarina and Rio Grande do Sul states and Argentina's Santa Fe, Mendoza and Buenos Aires provinces.
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