M. Dias Branco (MDIA3) cash flow for 2011 is the following:
- Net Cash generated in operating activities: 431.50
- Net Cash used in Investment Activities: -273.70
- Net Cash used in Financing Activities: -116.90
So, in 2011 the increase in cash and cash equivalents was 40.90. That is, it generated cash to pay investments, dividends and also to amortize 29,4 in debt.
However, net debt totaled 468.4 million in 4Q11, up 121.8% on 4Q10!
How could that be? Where the trick is?
0 comments:
Post a Comment
We encourage your feedback and we will take your comments into serious consideration. However, you must be warned that any comment that does not follow the blog philosophy (Value Investing and Behavioural Finance) will be promptly removed.