ALL projects investments of US$ 411.8 million in 2011
Valor Econômico
The América Latina Logística (ALL) plans investments of R$ 700 million (US$ 411.8 million) for next year. The amount is in tune with the company plan that at such pace plans growing an average of 10% during the next five years. For this year, the investment was reviewed to R$ 650 million (US$ 382.4 million), not counting in the construction of the railroad connecting Alto Araguaia to Rondonopolis. The reduction resulted from gains in price and operational improvements, according to the Investor Relations and Finance Officer of the company, Rodrigo Campos.
ALL ended the third quarter with a consolidated net income of R$ 69.2 million (US$ 40.7 million), 19.5% growth compared to the R$ 57.9 million (US$ 29.4 million) registered between July and September 2009. That result, which includes Santa Fé Vagões, reflected the rise in the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and the lower financial costs, said the company. Only the ALL Brasil operations registered net profit of R$ 75.1 million (US$ 44.2 million) and net income of R$ 683.4 million (US$ 402 million), which implies growth of 12.1% and 8.9% respectively compared to the third quarter of 2009.
According to the company, the volume of ALL Brasil had growth of 9.6% between July and September, "driven mainly by the growth of 14.7% in the segment of agricultural commodities, partially offset by the 3% fall registered in industrial products", explained to ALL in a note. The company should launch its project for the carriage of containers to Santos until the end of the year. "That is our internal goal", said the Executive, without giving details on the investment. Another project for the transport of cargo being developed is the one for iron ore, still under negotiation.