Brazil’s Tegma Profit Drops 39% as Auto Volumes Weaken
3 Key Points —Net income fell 38.7% year-on-year to R$52.2 million ($10M) in Q4, dragged by a sharp decline in operating results and lower equity-method income, while revenue slipped 2.3% to R$610.3 million ($117M). —EBITDA contracted 35.4% to R$81.4 million ($16M) and the margin collapsed nearly 7 percentage points to 13.3%, as vehicles transported dropped […]
Black News 
3 Key Points —Net income fell 38.7% year-on-year to R$52.2 million ($10M) in Q4, dragged by a sharp decline in operating results and lower equity-method income, while revenue slipped 2.3% to R$610.3 million ($117M). —EBITDA contracted 35.4% to R$81.4 million ($16M) and the margin collapsed nearly 7 percentage points to 13.3%, as vehicles transported dropped […]
