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São Paulo, 10- Brazilian wood products and sanitary ware maker Duratex S/A on Monday posted a first-quarter net profit of R$ 80.63 million ($45.3 million), 51.2% bigger than year-earlier earnings of R$ 53.3 million.

Net revenue stood at R$ 606.58 million ($1 = R$ 1.78) in the quarter, up 17.8% on the year.

Ebitda rose 46.4%, to R$ 196.1 million, with the companys Ebitda margin improving to 32.3% from 26%.

At the end of March, Duratexs net debt amounted to R$ 998.9 million, corresponding to 1.27 times its annualized Ebitda. Gross debt was at R$ 1.5 billion, with R$ 945.1 million due to mature in the long term.

Duratex is a unit of the Itaúsa holding company, which also controls Brazils largest private bank Itaú Unibanco. ( Luana Pavani )