Brazil: Montecitrus raised income in 334% in 2011
In 2011, the company, placed in Monte Azul Paulista, registered a brute income of R$247.59 million, an 11.6% growth over the result of 2010 (R$221.85 millions). The operational benefit for Montecitrus goes from R$11.28 millions to R$36.8 millions between these periods, a 226.24% growth, thanks to the growth of the so called patrimonial equity, meaning, two investments or positive results in the other company societies, included in the balance as operational income. With it, the benefit before rent tax and social contribution grew 214.36% between 2010 and 2011 (some R$38.32 millions).