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Gol Linhas (GOL +3%) moves up today, in spite of posting a wider Q1 loss due to a drop in...

Gol Linhas (GOL +3%) moves up today, in spite of posting a wider Q1 loss due to a drop in revenue and an increase in debt service costs. The company reported a net loss of BRL75.3M ($37.65M) for the quarter, compared with a loss of BRL41.4 million in the same period a year earlier. Net revenue fell 3.8% to BRL2.08B, while debt service costs totaled BRL106.9M, up from BRL23.2M in Q112. Operating expenses dropped 8.2% to BRL1.98B, however, operating margin jumped to 4.9%, an increase of 4.6% over Q112's 0.3%.
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