Randon Corporation (RAPT4) reported a decline in fourth-quarter 22 earnings

Posted at 7:36 p.m

Randon (RAPT4) reported this Tuesday, 28, that it generated a net profit of R$ 89.4 million in the fourth quarter of 2022 (Q4 2022), a decrease of 41.6% compared to the fourth quarter of 2021.

According to the company, this decrease is primarily due to the positive impact of non-recurring items in the fourth quarter of ’21 and an increase in financial expenses due to interest rate increases.

Adjusted Ebitda was R$327.8 million, up 12.2% compared to Q4 ’21.

Net revenue reached R$ 2.8 billion in the fourth quarter of 2021, an increase of 11% compared to the same period in 2021.

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