Localiza Q3 profit up 29% to R$1.1B, revenue +14.4%, in line with expectations

Localiza reported Q3 net profit of R$1.1 billion, up 29% year-over-year, with consolidated net revenue of R$12.28 billion, up 14.4%. Results were in line with market expectations, indicating steady operational performance. The company's growth reflects continued demand in the Brazilian car rental and mobility sector, but no significant deviation from consensus was noted.

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