Renar Macas S.A. reported consolidated and parent earnings results for the nine months ended September 30, 2015. For nine months, on consolidated basis, net income was BRL 29,778,000 against BRL 45,448,000 a year ago. LBITDA was BRL 8,164,000 against BRL 45,448,000 a year ago. Operating loss was BRL 20,639,000 against BRL 6,867,000 a year ago. Loss before tax was BRL 22,573,000 against BRL 6,791,000 a year ago. Loss for the period was BRL 22,174,000 or BRL 2.4384 per share against BRL 6,136,000 or BRL 0.8080 per share a year ago. Net cash used in operating was BRL 8,925,000 against net cash from operating of BRL 16,334,000 a year ago. Investments in Fixed Assets and Intangibles were BRL 342,000 against BRL 5,414,000 a year ago. Net revenue reached BRL 29.8 million, down 34% from 2014. This decrease was due to a smaller harvest in 2015, which left the company with a reduced inventory of marketable apples.

For nine months, on parent basis, net income was BRL 25,342,000 against BRL 28,663,000 a year ago. Operating loss was BRL 12,308,000 against BRL 4,053,000 a year ago. Loss before tax was BRL 22,227,000 against BRL 6,499,000 a year ago. Loss for the period was BRL 22,174,000 or BRL 2.4384 per share against BRL 6,136,000 or BRL 0.8080 per share a year ago. Net cash used in operating was BRL 7,461,000 against net cash from operating of BRL 10,954,000 a year ago. Investments in Fixed Assets and Intangibles was BRL 127,000 against BRL 89,000 a year ago.