CHWA

CHW Acquisition Corporation

8.2800
USD
5.40%
8.2800
USD
5.40%
5.9200 13.1300
52 weeks
52 weeks

Mkt Cap 128.64M

Shares Out 15.69M

Chat
Send me real-time posts from this site at my email

Brazil's Localiza misses profit expectations in Q2

Adds more information on earnings SAO PAULO, Aug 11 (Reuters) - Brazil's Localiza Rent a Car SA RENT3.SA reported on Thursday a 2% growth in second-quarter net profit, missing analysts' forecasts. The car rental company posted net profit of 456.7 million reais ($88.53 million), compared to the Refinitiv forecast of 644.7 million reais. Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 1.11 billion reais in the period, a 45.1% increase over the same quarter of 2021. Fleet renewal sped up, as Localiza increased its vehicle purchases 43.6% from the previous year and sold 29.2% fewer cars in the quarter. ($1 = 5.1587 reais) (Reporting by Peter Frontini; Editing by Brendan O'Boyle) ((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue