Tollroad operator CCR suffers income drop
Brazilian tollroad operator CCR's net income dropped 14% year-on-year to 346mn reais (US$142mn) in the third quarter.
Net revenue for the three-month period totaled 1.5bn reais, up 6%, the firm said in a results report.
Gross tollroad revenue grew 4.2% to 1.47bn reais and accounted for 92% of CCR's total third quarter revenue.
Cost of services increased 41% in the quarter to 1.08bn reais.
CCR is Brazil's largest road concession operator in terms of revenue. The firm currently operates eight highway concessions: Ponte, NovaDutra, ViaLagos, RodoNorte, AutoBan, ViaOeste, RodoAnel and SPVias.
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News in: Infrastructure (Brazil)
Brazil plans highway concession reviews following industry request
Although inflation has receded, companies are still grappling with rising costs.
São Paulo reestablishes US$2.75bn PPP contract for intercity rail project
In February, a consortium formed by Brazilian firm Comporte and China’s CRRC won a tender for the Trem Intercidades project.
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Other projects in: Infrastructure (Brazil)
Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.
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Other companies in: Infrastructure (Brazil)
Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.
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TPF Engenharia - Engecorps Consortium is a partnership formed by TPF Engenharia Ltda., and Engecorps Engenharia SA for the implementation of the Tietê River Sanitation project, ...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The SSA Consortium is a partnership formed by Saneamento Construção e Comercio Ltda, Sahliah Engenharia Ltda and Arco Projects e Construções Ltda. for the implementation of the ...
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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Incorporated in 1980, Via Engenharia S.A. is a construction company operating in Brazil's Central-West region. The company develops infrastructure projects, including highways, ...
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The infrastructure firm Marquise develops engineering solutions for projects related to airports, public transport and ports. The company is based in Fortaleza, Brazil and is a ...
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Brazilian conglomerate Queiroz Galvão operates in various segments including construction, public concessions, oil and gas, metallurgy, food, and environmental engineering. Foun...
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