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5 days ago
Profit at Brazil's Kroton rises 15 pct in quarter, beats forecasts
August 11, 2017 / 10:52 AM / 5 days ago

Profit at Brazil's Kroton rises 15 pct in quarter, beats forecasts

SAO PAULO, Aug 11 (Reuters) - Net profit at Kroton Educacional SA, Brazil's largest for-profit college operator, rose 14.8 percent in the second quarter from a year earlier to 644.9 million reais ($203.1 million), beating analyst expectations.

In a securities filing, Kroton said earnings before interest, tax, depreciation and amortization (EBITDA) rose 10.7 percent to 700.2 million reais, above the average forecast of 633.7 million reais in a Reuters survey of analysts.

$1 = 3.1751 reais Reporting by Alberto Alerigi and Bruno Federowski; Writing by Bruno Federowski; Editing by Bernadette Baum

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