Embraer returns to profitability in 2Q2017

Embraer reported (31-Jul-2017) the following financial highlights:

• Three months ended 30-Jun-2017:
  • Revenue: USD1770 million, +29.5% year-on-year;
    • Commercial aviation: USD1089 million, +27.0%;
  • EBIT: USD174.0 million, compared to a loss of USD127.4 million in p-c-p;
  • Net profit: USD69.5 million, compared to a loss of USD101.5 million in p-c-p;
• Six months ended 30-Jun-2017:
  • Revenue: USD2796 million, +4.5%;
  • EBIT: USD197.4 million, compared to a loss of USD41.7 million in p-c-p;
  • Net profit: USD113.9 million, compared to a profit of USD4.5 million in p-c-p;
  • Total assets: USD12,002 million;
  • Cash and cash equivalents: USD1207 million;
  • Total liabilities: USD7948 million. [more - original PR]