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Localiza Reports 29.1% Rise in Third-Quarter Net Income to R$1.1 Billion

Revenue reached R$12.3 billion, up 14.4% year over year; EBITDA totaled R$4 billion, up 13.7%.

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Rental cars wait in a return lane outside Confins International Airport in Belo Horizonte, Brazil. (AI-generated image / EconoTimes)
Rental cars wait in a return lane outside Confins International Airport in Belo Horizonte, Brazil. (AI-generated image / EconoTimes)

Localiza reported third-quarter net income of R$1.1 billion, up 29.1% from a year earlier, as consolidated revenue and EBITDA also rose over the same period.

Consolidated net revenue reached R$12.3 billion, a 14.4% increase from a year earlier. EBITDA, or earnings before interest, taxes, depreciation and amortization, totaled R$4 billion, up 13.7% year over year.

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