Moove, the lubricants arm of Brazil-based Cosan, posted higher profits, revenue and sales volume for the three months ending June 30.
The São Paulo-based company enjoyed a 64% jump in net income, from 86.9 million reals (U.S. $16.9 million) in the second quarter of 2021 to 142.1 million reals in the same period of 2022.
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Revenue rose to 2.1 billion reals, a 45% year-on-year rise. Volume sold hit 128.8 million liters, a 27% bump from 101.8 million liters.