MOGI DAS CRUZES, Brazil, July 28, 2014 /PRNewswire/ -- JSL (BM&FBOVESPA: JSLG3 and OTC: JSLGY) announces its 2Q14 results:
2Q14 Highlights – JSL Consolidated (comparisons with 2Q13):
- Gross revenue of R$ 1.550 billion (+20.4%);
- EBITDA-A1,2 of R$ 334.5 million (+30.0%);
- EBITDA2 of R$ 214.0 million (+26.0%);
- Net Income2 of R$ 19.5 million;
2Q14 Highlights – JSL Logistica + Movida (comparisons with 2Q13):
- Total gross revenue of R$ 1.233 billion (+23.4%);
- Gross Revenue from Service of R$ 1.012 billion (+10.8%);
- EBITDA-A1,2 of R$ 323.3 million (+30.2%);
- EBITDA² of R$ 205.0 million (+25.9%);
- Net Income2 of R$16.5 million;
- Resale of Assets of R$ 120.1 million (+39.9%).
To access the Earnings Release, click here.
(1) EBITDA-A or EBITDA-Added - represents EBITDA plus the residual costs associated with the sales of fixed assets, which do not represent operational cash disbursements, as they are merely an accounting representation of the write off of assets at the time of sale. Thus, the Company's management believes that EBITDA-A is a more accurate representation of cash flow than traditional EBITDA, and more accurately represents the Company's capacity to meet its financial obligations.
(2) Excluding non-recurring effects.
IR Website: www.jsl.com.br/ri
ABOUT JSL
JSL S.A. is the company with the most extensive portfolio of logistics services in Brazil and the leader in its segment in terms of net revenue. With a 58-year history, the company works with more than 170 branches throughout Brazil, in addition to 4 Mercosur countries, and operates in the entire production process of its customers - from cargo transport to the complete outsourcing of logistics chains.
SOURCE JSL S.A.