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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - BRL (R$)
R$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONSOLIDATED STATEMENTS OF INCOME (LOSS)        
NET SALES R$ 7,995,673 R$ 6,665,082 R$ 14,976,466 R$ 12,364,081
Cost of sales (4,788,694) (5,222,119) (9,608,693) (9,947,012)
GROSS PROFIT 3,206,979 1,442,963 5,367,773 2,417,069
OPERATING INCOME (EXPENSES)        
Selling (547,098) (456,981) (1,062,034) (898,284)
General and administrative (335,715) (278,031) (650,551) (608,796)
Income (loss) from associates and joint ventures (3,663) 3,911 (2,952) 5,569
Other, net 195,671 171,199 212,402 152,315
OPERATING PROFIT BEFORE NET FINANCIAL INCOME (EXPENSES) 2,516,174 883,061 3,864,638 1,067,873
NET FINANCIAL INCOME (EXPENSES)        
Financial expenses (1,033,126) (1,086,192) (2,119,550) (2,078,996)
Financial income 82,419 149,607 203,173 298,929
Derivative financial instruments (1,776,322) 257,427 (10,835,114) (379,507)
Monetary and exchange variations, net (2,930,209) 758,223 (15,349,795) 302,496
NET INCOME (LOSS) BEFORE TAXES (3,141,064) 962,126 (24,236,648) (789,205)
Current income taxes (3,469) (62,329) (57,829) (191,578)
Deferred income taxes 1,092,015 (199,949) 8,822,898 451,499
NET INCOME (LOSS) FOR THE PERIOD (2,052,518) 699,848 (15,471,579) (529,284)
Attributable to        
Controlling shareholders' (2,057,101) 700,548 (15,479,631) (526,255)
Non-controlling interest R$ 4,583 R$ (700) R$ 8,052 R$ (3,029)
Earnings (Loss) per share        
Basic R$ (1.52466) R$ 0.51922 R$ (11.47301) R$ (0.39004)
Diluted R$ (1.52466) R$ 0.51922 R$ (11.47301) R$ (0.39004)