Cosan Ltd. reported consolidated earnings results for the fourth quarter and year ended March 31, 2012. For the quarter, net operating revenue was BRL 5,793.9 million against BRL 4,609.3 million a year ago. Operating profit was BRL 148.4 million against BRL 725.8 million a year ago. EBITDA was BRL 367.4 million against BRL 1,029.5 million a year ago. Adjusted EBITDA was BRL 467.8 million against BRL 1,029.5 million a year ago. Net income was BRL 149.6 million against BRL 480.9 million a year ago. Capex was BRL 613.3 million against BRL 1,290.7 million a year ago. Net debt as on March 31, 2012, was BRL 3,081.7 million against BRL 5,262.7 million a year ago. Cash flow from operating activities was BRL 495.2 million against BRL 1,545.4 million a year ago. Addition of property plant and equipment was BRL 503.4 million against BRL 932.2 million a year ago. For the year, net operating revenue was BRL 24,096.9 million against BRL 18,063.5 million a year ago. Operating profit was BRL 4,095.9 million against BRL 1,312.6 million a year ago. EBITDA was BRL 5,338.7 million against BRL 2,672.3 million a year ago. Adjusted EBITDA was BRL 2,142.1 million against BRL 2,672.3 million a year ago. Net income was BRL 2,605.8 million or BRL 6.34 basic and diluted per share against BRL 771.6 million or BRL 1.90 basic and diluted per share a year ago. Capex was BRL 2,136.5 million against BRL 3,037.2 million a year ago. Net debt as on March 31, 2012, was BRL 3,081.7 million against BRL 5,262.7 million a year ago. Cash flow from operating activities was BRL 1,961.5 million against BRL 2,337.1 million a year ago. Addition of property plant and equipment was BRL 1,584.5 million against BRL 2,291.6 million a year ago. Income before income tax was BRL 3,302.545 million against BRL 1,182.164 million a year ago. Net income attributable to owners of the company was BRL 1,181.342 million against BRL 470,906 million a year ago. For the fiscal year of 2013, the company expects net revenue in the range of BRL 26,000 to BRL 29,000 million, EBITDA to BRL 2,200 to BRL 2,500 million and Capex to BRL 2,100 to BRL 2,400 million.