(Reuters) – Brazilian hospital chain Rede D’Or Sao Luiz SA posted a 32.7% drop in fourth-quarter net profit from the same period a year earlier, the company said on Monday.
The company reported fourth-quarter net income of 282.5 million reais, below Refinitiv’s forecast of 309 million reais.
The company’s net revenue grew 12% in the annual comparison, to 5.75 billion reais.
The company’s earnings before interest, taxes, depreciation and amortization (Ebitda) amounted to 1.216 billion reais in the fourth quarter, which represents a drop of 3.6% compared to the same period of 2021. The Ebitda margin was 21 .1% in the period from October to December of last year, compared to 24.6% in the last quarter of 2021.
“In 4Q22, the effects directly related to
Covid-19 still impacted the Company’s Ebtida, especially in the second half of the quarter”, he informed.
(Reporting by Carolina Pulice)
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