EcoRodovias posts lower Q3 profit

Friday, November 7, 2014

Brazilian highway concessionaire EcoRodovias reported Q3 net income of 77.3mn reals (US$30.2mn), down 30.5% over the year-ago quarter.

Net revenue in the quarter was 712.3mn reals, up 1.9%, according to the company's latest financials.

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Consolidated traffic across EcoRodovias' six highways grew 24.1% to 70.9mn paying vehicles; commercial traffic increased nearly 30% to 38.9mn vehicles, while passenger traffic rose 17.7% to 32mn.

EcoRodovias estimates full-year capex for its six highway concessions and two logistics terminals at 926mn reals.