The Santa Fé manufacturing facility in Nova Europa (SP) registered its highest profit during the 2022/23 harvest, with a positive net outcome of BRL 74.71 million. This represents a significant rise of 163.2% compared to the previous season’s BRL 28.38 million. The company has achieved good profits for two consecutive years, thanks to its positive cash flow that facilitates continued investment. The company’s success is attributed to its capital structure management. The group crushed 4.16 million tons, with 52.4% used for sugar production. The CEO of Santa Fe, Francisco Sylvio Gavotti, highlighted that exceeding the specified targets and plans was a triumph.
Source: Nova Cana (*Translated by Ia Niani)