Road concessions suffer from record drop in traffic in 18.4%

The economic crisis triggered by the coronavirus already has an impact on the road concession sector and will require a review of contracts, according to industry experts. The movement of concessioned roads decreased by an average of 18.4% in March. The flow of passenger vehicles registered the biggest drop: 22.7%. Cargo vehicle traffic decreased 4.1%.

Source: O Tempo

Brazilian soy exports to China fall 24.8% in March

China’s soy imports from Brazil in March fell 24.8% from the same month last year, customs data published on Sunday showed, after rains delayed shipments. China, the largest buyer of soy in the world, imported 2.1 million tons of soy from Brazil in March, compared to 2.79 million tons in the same period last year, data from the General Administration of Customs showed.

Source: Money Times

Deficit in external accounts totals $15.2 billion in the first quarter

Brazil’s external accounts registered a deficit of $ 15.242 billion in the first quarter of this year, with an increase of 1.32% compared to the same period in 2019. It was the biggest gap for the period since 2015. The current account deficit, one of the main on the country’s external sector, is formed by the trade balance, services and income.

Source: G1

Hypera has a 26% drop in the 1st quarter profit

Hypera reported on Friday night a drop of almost 26% in net income for the first quarter over the same period last year, to R$ 238.2 million ($ 40 million), in a performance below market expectations. The largest Latin American pharmaceutical company reported earnings before interest, taxes, depreciation and amortisation (Ebitda) from continuing operations of R$ 248.7 million ($ 42 million), down 38% in the annual comparison.

Source: Reuters