The company logo for Cosan is displayed on a screen on the floor of Brazil's B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019.
REUTERS/Amanda PerobelliSAO PAULO, Aug 12 (Reuters) - Brazilian holding company Cosan SA (CSAN3.SA) on Friday reported a net loss in second quarter, as a higher interest rate raised its cost of debt.
Cosan, who owns stakes in companies such as Rumo (RAIL3.SA) and Raizen (RAIZ4.SA) posted a 125.3 million real ($24.72 million) net loss in the three months ended in June 30, compared with a net profit of 942.4 million reais in the year-ago period.
Cosan's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew 34.5% in the quarter, to 4.14 billion reais.
($1 = 5.0697 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Peter Frontini; Editing by Christian PlumbOur Standards: The Thomson Reuters Trust Principles.
Amanda Perobelli, Peter Frontini, Christian Plumb
REUTERS, PAULO, Cosan SA, Thomson
Sao Paulo, Brazil