The Traderszone Network

Published in TZ Latest News 13 November, 2017 by The TZ Newswire Staff

CME Group to launch Black Sea corn and wheat FOB futures

B3 reported 3Q17 adj EPS of R$0.218 (-6% q/q, -14% y/y), in line with our estimate. IFRS EPS was R$0.165 (+106% q/q, 0% y/y). Net revenues were R$1.06b (+9% q/q, +90% y/y), and adj OpEx was (R$252m +1% q/q, +62% y/y). B3 guided 2017 adj OpEx at R$1.05b-R$1.10b (+5% y/y), and 2017 CapEx of R$230m-R$250m, down from R$322m in 2016 for the combined company. B3 paid down R$500m in debentures in September, and expects to decrease financial leverage from 2.2x to 1.0x by 4Q19.