The company quarterly net revenue increased 13.7% to 8.17 billion reais
PHOTO
Brazilian motor maker WEG SA on Wednesday reported a second-quarter net profit of 1.37 billion reais ($284.79 million), up 50% from a year earlier, boosted by "good demand" across the regions where it operates.
The company quarterly net revenue increased 13.7% to 8.17 billion reais, it said in a securities filing, roughly in line with the 8.13 billion expected by analysts polled by Refinitiv.
($1 = 4.8105 reais) (Reporting by Gabriel Araujo, Editing by Louise Heavens)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
