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Brazil's Embraer reports smaller profit as deliveries fall
May 2, 2017 / 10:20 AM / 5 months ago

Brazil's Embraer reports smaller profit as deliveries fall

SAO PAULO, May 2 (Reuters) - Brazil’s Embraer SA, the world’s third-largest commercial planemaker, reported first-quarter net income of 135 million reais ($43 million) on Tuesday, down from a profit of 386 million reais a year earlier due to a drop in deliveries.

Embraer said in a securities filing that earnings before interest, taxes, depreciation and amortization fell to 300 million reais, from 612 million reais a year earlier.

$1 = 3.1747 reais Reporting by Brad Haynes; Editing by Mark Potter

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