TPI posts Q3 loss

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Friday, November 7, 2014

Brazilian infrastructure firm Triunfo Participações e Investimentos, or TPI, posted a third quarter lossof 1.33mn reais (US$517,000), compared to net income of 4.55mn reais in the year-ago period.

Net operating revenue was up 51% to 586mn reais in Q3 and adjusted Ebitda increased 44.7% to 172mn reais, according to a company release.

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TPI has investments in highway concessions, port and airports, and energy generation. The firm acquired the Rodovia Transbrasiliana highway in the quarter.