EMBRAPA records social profit of $ 7.6 bn in 2019

Embrapa’s announced on Monday that the social profit was R$ 46.49 billion ($ 7.6 bn) in 2019. “Each Real placed in Embrapa’s budget in 2019 returned R$ 12.29 ($ 2) to Brazilian society” The amount was obtained from the analysis of the economic impact of 160 technological solutions and 220 activities developed by the company, which obtained net operating revenue of R$ 3.78 billion ($ 630 million) last year.

Source: Agencia Estado

Petrobras oil and gas production rises 14.6% in the 1st quarter

Petrobras’ total oil, NGL and natural gas production totalled 2.909 million barrels of oil equivalent per day in the first quarter, up 14.6% over the same period last year, with the development of new platforms in operation. The result was contributed by the entry into operation of seven new platforms between 2018 and 2019.

Source: Reuters

Neoenergia has profit of $ 96 million in the first quarter, up 17%

Electric company Neoenergia recorded net income of R$ 577 million ($ 96 million) in the first quarter of 2020, an increase of 17% compared to the same period last year. Earnings before interest, taxes, depreciation and amortisation (Ebitda) totalled R$ 1.5 billion ($ 250 million) in the period, an increase of 14.1%, while investments reached R$ 964.5 million ($160 million), an increase of about 10%.

Source: Money Times

Government studies investment of $ 3.5 bn for credit to medium-sized companies

The government is studying an investment of R$ 20 billion ($3.5 billion) from the Treasury in the Guarantee Fund for Investments (FGI) of the National Bank for Economic and Social Development (BNDES) to boost credit to medium-sized companies amid the coronavirus crisis, but awaits the outcome of the negotiations on aid to states to find out how much they can actually commit, said three knowledgeable sources.

Source: Reuters

Embraer shares fall 7.5% after break according to Boeing

Embraer’s shares suffered a 7.5% loss on the São Paulo Stock Exchange on Monday (27), after the announcement of the end of its merger process with Boeing. The shares of the third largest manufacturer in the world, which fell more than 15% during the day, regained ground during the session and ended with a loss of 7.5%, while the Ibovespa index of the main shares gained 3.86%.

Source: UOL Economia