In the second quarter of 2024, CCR (CCRO3) achieved a remarkable financial feat by reporting a net profit of R$411 million ($72.7 million), marking a significant 102.1% increase from the previous year. The surge in profit can be attributed to increased traffic on managed highways and improved operational efficiency.
Additionally, the company’s adjusted EBITDA rose to R$2 billion ($353.98 million), up 14.4% from Q2 2023, with the adjusted EBITDA margin reaching 57.6%. CCR (CCRO3) is a prominent infrastructure concession company in Brazil dedicated to enhancing transportation networks.
The boost in EBITDA was primarily fueled by expanded activities in highways, urban mobility, and airports. Moreover, CCR saw a 12.5% increase in net revenue, reaching R$3.4 billion ($601.77 million), driven by higher highway traffic, urban mobility demand, and increased airport passenger volumes.
Despite recent challenges, including the termination of the Line 15-Silver concession by the São Paulo government, CCR remains focused on sustainable value creation through strategic investments and operational initiatives.
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