Ferroeste reaches last year’s revenue in eight months

Ferroeste (Paraná West Railway S.A.) recorded the highest revenue in its history reaching from January to Tuesday, August 20, at R$20.56m. The result is higher than the whole year 2018, which recorded R$20.52m. Last year, during the same period, Ferroeste had invoiced R$14.34m – this year’s balance is 43% higher.

The company had growth in every month compared to 2018, with emphasis on January, April, and May. The May balance jumped from R$1.4m (last year) to R$3.14m, the biggest difference of this period. April’s result of R$3.4m was the largest in a single month in the company’s history.

There was also a 38% growth in relation to the volume transported by the railway line, which is 250 kilometers long, between Cascavel and Guarapuava, which is fundamental for the flow of production from western Paraná. There were 725,000 tons until August 20, against 526,000 during the same period last year. The closest result was achieved in 2016, with 613,000 tons. In September Ferroeste expects to beat the volume of what was transported throughout the past year.

According to Governor Carlos Massa Ratinho Junior, the numbers indicate that Ferroeste will record profit for the first time in its history. “It is very important for the state, for development, and especially for agribusiness,” he said. “Ferroeste never made a profit, this year it will. This shows the efficiency of our staff, the degree of commitment we have to management efficiency. In seven and a half months we have completed last year’s billing.”

Ferroeste is fundamental for the agribusiness production volume to reach the Port of Paranaguá, which also favors its growth. In December the company should reach revenues of around R$30m.

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