(Corrects to say net income, not net income excluding one-time
items, was 377.7 million reais in paragraph 2)
SAO PAULO, March 22 Brazil's largest education
firm Kroton Educacional SA on Wednesday reported a
19.3 percent rise in adjusted fourth-quarter net income, to
487.6 million reais, above a consensus estimate of 427.9 million
reais compiled by Thomson Reuters.
Net income came in at 377.7 million reais last quarter,
according to a statement. Adjusted net income excludes the
effects of the sale of unit Uniasselvi in the final quarter of
2015 and other one-time items.
Adjusted earnings before interest, tax, depreciation and
amortization, a gauge of operating profitability known as
EBITDA, rose 2 percent to 528.7 million reais, in line with an
estimate of 530.8 million reais.
(Reporting by Ana Mano; Editing by Daniel Flynn)