Localiza’s profit rises 26% and reached $45.8mn

The largest car rental company and fleet manager in Brazil, had profit growth in the fourth quarter, Localiza announced that it had consolidated net profit of R$228.4 million ($45.8 million) from October to December, an increase of 25.9% compared to the same period in 2018. The company’s operating result measured by Ebitda totalled R$629.6 million ($126 million), an increase of 40.2% year on year.

Source: Reuters