SAO PAULO SP, Brazil (AP) _ Cosan Ltd. (CZZ) on Tuesday reported third-quarter profit of $41.5 million.

The Sao Paulo Sp, Brazil-based company said it had profit of 18 cents per share.

The bioethanol company posted revenue of $349.6 million in the period.

Cosan shares have dropped 20% since the beginning of the year. The stock has climbed slightly more than 9% in the last 12 months.

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