The actions of cost reduction and operational improvement in Brasil Ferrovias RR have suceeded and América Latina Logística (ALL) RR got to revert the loss of US$ 1.2 million in the second quarter of last year to a profit of US$ 25.9 million from April to June 2007. The performance was also credited to the increase of 7.6% in the volume of freight, mainly with return loads. The gross revenue increased 2.2% in the period, to R$ 651,4 million.
The investor relations manager and controller, Rodrigo Campos, said that the reversion is due to what was done in the time of Brasil Ferrovias’ acquisition, in May last year. He mentioned the reduction in the number of accidents, from 64 in the first quarter to 45 in the second (for million of train kilometers), as a consequence of the investments in tracks and technology.
The company has increased the transport of industrial products in 12.3%, mainly with lumber and containers, as they informed. In the agricultural area the volumes increased 7.6% and the fertilizers supplied the return loads. Civil construction and fuels also helped in this performance. Campos explained that, although the volumes have grown, the income didn´t increase in the same proportion because there was a change of product mix. Fertilizer, for instance, is a cheaper load.
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But, if in Brazil the things go well, the same doesn´t happen in Argentina, where the company registereda gross revenue increase in 8.3% in pesos, to 59,2 million pesos, but suffered with the depreciation of the peso in relation to the Brazilian currency and the shortage in the offer of energy. The freight volume had felt 1.1%. “We already waited for weaker results in Argentina, but our vision is that return in that country is of medium and long term”, Campos said.
In the first half balance, ALL registered a net profit of US$ 17.8 million and reverted a loss of US$ 45.3 million of the first half of 2006. In the same period the freight volume went up 5%, with 11.9% in the industrial segment and 3.5% in the agriculture.
The company informed that it invested, since the beginning of the year, US$ 164.9 million in locomotives and cars refurbishment and adaptation and in the purchase of rails and railway sleepers (in the same period last year, ALL invested US$ 175.6 million).
Fonte: Valor Econômico
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