Eucatex reported earnings results for the third quarter and nine months of 2019. For the quarter, the company reported total net revenue of BRL 398.7 million, which is 24.2% higher than the BRL 321.2 million reported in third quarter of 2018. Growth in net income and the improved gross margin impacted the Net Recurring Revenue favorably, which rose to BRL 15.6 million; this growth of 65.8% was significant in comparison with third quarter of 2018. In the nine months ended in 2019, net recurring revenue was BRL 56.5 million, 522.2% higher than in the same period of 2018, impacted by the 21.7% growth of total net revenue to BRL 1,128.3 million, as well as by the gross margin.