Net profit of bus manufacturer Marcopolo fell 2% in the fourth quarter compared to the same period in 2018, to R$68.5 million ($ 15.3mn). In the year, the net profit of the Brazilian bus manufacturer was R$201.4 million, an increase of 8% compared to 2018. Although the Brazilian bus production increased 9.5% last year, to 25,469 units, that of Marcopolo decreased 4.2%. Domestic market demand grew 20.8% compared to 2018, offsetting the 14.6% drop in exports.
Companhia Energética de São Paulo (CESP3) reported a net profit of R $ 1.3 billion in Q4 of 2019 against R $ 59 million in the same period of 2018. In large part, the result was achieved by reducing contingencies in R $ 1.5 billion and obtaining tax credits for R $ 1 billion. The company’s net profit in 2019 was R $ 1.16 billion, more than triple R $ 294 million in 2018.