Eztec Q2 Profit Falls 21% to US$22M; Launches Jump 58%

Brazil · Business

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—Profit declined. Net income fell 21.0% to R$110.4 million (US$21.6 million).

—Revenue contracted. Net revenue dropped 16.0% to R$376.7 million (US$73.8 million).

—The margin remained high. Gross margin was 39.7%, compared with 40.7% a year earlier.