SAO PAULO, April 25 Fibria SA, the world's
largest eucalyptus pulp producer, missed first-quarter profit
estimates on Tuesday, reflecting declining output and revenues
in the wake of higher unit costs.
Net income at São Paulo-based Fibria totaled 329
million reais ($105 million) last quarter, reversing a loss of
92 million reais in the fourth quarter. Analysts projected an
average profit of 399 million reais for the
January-through-March period, according to data compiled by
Adjusted earnings before interest, tax, depreciation and
amortization, a gauge of operating profit known as EBITDA, came
in at 644 million reais in the first quarter, down 20 percent
from the prior three months. The consensus estimate for the
indicator was an average 963.45 million reais.
($1 = 3.1470 reais)
(Reporting by Guillermo Parra-Bernal; Editing by Sandra Maler)