Brazil's Rumo profit soars on higher volumes, tariffs
Source: Reuters
SAO PAULO, Nov 10 (Reuters) - Brazilian railroad operator Rumo SA (RAIL3.SA) reported on Thursday a six-fold jump in third-quarter profit, benefiting mainly from higher agribusiness cargo volumes in Brazil's Midwest plus higher tariffs.Rumo's net profit came in at 309 million reais, compared to gains of 51 million reais during the same period a year ago.Net revenues meanwhile totaled 2.95 billion reais, up by…
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