Port Of Santos News

Copersucar's Net Profit Nearly Doubles

Net profit at Brazil's Copersucar SA, the world's largest sugar and ethanol trader, nearly doubled in the financial year ended on March 31 despite losses related to a fire that destroyed its Santos export terminal. The company reported a net profit of 157.7 million reais ($70 million) for fiscal 2013/14, up 82 percent from the previous crop year, as it took advantage of sharp swings in prices, according to an earnings release published in the financial newspaper Valor Economico on Wednesday.