Fibria's shares rise 2% after balance sheet and dividends

 Shares of Fibria have higher value than 2% in trading on Friday (23) in São Paulo Stock Exchange after the company disclose a net loss of R $ 601 million in the third quarter, affected by a negative financial result. Still, the damage was less worse than expec loan credit insurance ted.

Although the financial side has pushed the company's performance, the bank points out that Haitong operating income came "slightly better" than expected by the market.

The Socopa Brokerage notes that the positive operating performance is driven by demand in the markets where it operates. Thus, the announcement of new stimulus to the Chinese economy, which favors the emerging markets as a whole on Friday (23), also contri loan credit insurance butes to the high Fibria papers.


"The result was also better in the financial expenses for the quarter, despite the depreciation of 28% of the real," says Catarina Pedrosa Gervai, Haitong analyst.

In addition to the good operating result, Fibria will propose the payment of R $ 2 billion in extraordinary dividends. The value corresponds to R $ 3.6 per share and the plan will be voted on by shareholders at a meeting scheduled for November 30.

"While not a complete surprise, we were impressed by the speed and magnitude of the proposed dividend of Fibria," said BTG Pactual in a report signed by Leonardo Correa.

Therefore, Haitong analysts and BTG reite loan credit insurance rates buy recommendation for action Fibria.

  At 11:30 am, shares of Fibria (FIBR3) advancing 2.57%, quoted at R $ 56.92. Instantly, the Ibovespa had an increase of 1.56%.