Nuvoco Vistas Q1 Profit Surges, but Nomura Says 'Reduce'

Nuvoco Vistas, a cement company, had a good quarter, with profits higher than expected.

A brokerage firm, Nomura, thinks the company's stock price should be lowered, even though the company's profits did well.

The company's earnings were boosted by better prices for its products.

Even though fuel costs were managed, some other costs stayed high.

Nuvoco also bought another cement company and reduced its debt.

The stock price has increased recently, but Nomura remains cautious about the stock.