Suzano makes $1.1 bn profit in Q4

Paper producer Suzano had net profit of R$ 5.914 billion in the fourth quarter of last year, a strong jump from the positive result of R$1.175 billion ($217 mm) recorded in the same period of 2019. The performance was supported by a jump in the company’s positive financial result, driven by foreign exchange and derivative gains. The line rose from R$ 1.6 billion ($297 mm) in the fourth quarter of 2019 to R$ 6.2 billion ($1.1 bn) in the three months ended last December.

Source: 6 Minutos