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Cosan Limited Message Board

  • gregjanetommax gregjanetommax Mar 23, 2013 3:42 PM Flag

    why the downgrade, corporate missmanagement...they knew it was coming and did nothing about it. SELL they are sim

     

    Though the improvement in adjusted net income in the quarter was impressive, increases in cost of sales and operating expenses impacted the company’s margin profile. In the third quarter, Cosan recorded a solid 29.4% year-over-year increase in cost of sales while selling and general & administrative expenses recorded annual increase of 46.2% and 60.0%, respectively.

    Of all the operating segments of the company, Radar, which is responsible for all investment activities in agricultural land, failed to gain momentum and registered a 13.4% decline in revenue. Revenue that was generated, was primarily derived from leasing activities. No lands were sold during the quarter.

    Apart from the downward revision in earnings estimates, negative 27.3% of average earnings surprise in the last trailing four quarters triggers our concern.

    This topic is deleted.
 
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