Tag: net debt

Comgás net income falls 57.2% in Q4 – $85 million

Comgás, the largest gas distributor in Brazil with 2 million customers, posted a net income of R$367.1 million ($85 million) in Q4 of 2019, which represented a 57.2% drop compared to the same period of 2018 , according to the company’s latest report. The net debt, which was previously R$1.5 billion, more than doubled and reached the level of R$3.5 billion. So far this year, the company made a profit of R$1.3 billion, an increase of 2.1%.