Brazil's Cosan cut its Q2 net loss to R$946 million, a R$719 million improvement, as asset sales and debt reduction reshape the energy-to-logistics group.
Brazilian Conglomerates
Key Facts
—Net loss. Cosan posted a R$946 million (US$186 million) net loss, R$719 million narrower than a year earlier.
—Gross debt. Gross debt fell to R$21.5 billion (US$4.2 billion), helped by liability-management actions over twelve months.
—Net debt. Net debt held steady at R$17.5 billion (US$3.4 billion) during the quarter.
Brazilian energy-to-rail group Cosan narrowed its Q4 adjusted loss by 56% and halved expanded net debt, while its logistics arm…
Cosan sold a slice of its Brazilian farmland for 1.85 billion reais, the latest move to shrink the heavy debt weighing on Rubens…
Brazil Q2 earnings turned red at MRV, CSN and Americanas, with net losses from impairments, weak steel prices and heavy financing…
The CSN loss narrowed 24% to R$555 million ($109M) as Chinese steel imports crush margins while its mining arm delivers. Full…
The Raízen recovery plan landed in the market with force on Thursday. The Cosan-Shell joint venture published detailed…
After months of denials, Cosan has confirmed it may sell part of its Rumo stake and hired BTG Pactual to run the process, as it…
