Federal government has primary deficit of $ 3.8 bn in March

Government’s cash flow registered a primary deficit of R$ 21.17 billion ($ 3.8 billion) in March, the best performance for the month since 2017, considering values corrected by the Broad National Consumer Price Index (IPCA), according to the National Treasury. The result, which brings together the National Treasury, Social Security and Central Bank accounts, succeeds the February deficit of R$ 18.274 billion ($3.3 billion).

Source: Exame

Debt of companies most affected by the pandemic totals $ 164 bn

The total debt of companies most affected by the Covid-19 pandemic in Brazil amounts to R$ 900 billion ($ 164 billion). Of this total, R$ 556 billion ($ 101 billion) is due to the national financial system. According to Brazilian Central Bank, the sectors most affected are trade, services, transportation, the manufacturing industry, electricity and gas.

Source: Money Times

Multiplan has a jump in 1st quarter profit of $ 32 mm

Shopping centre manager Multiplan saw its first quarter net profit almost double over the same period last year, driven by strong sales performance until mid-March. The company that manages 18 high-end shopping centres in the country had a net profit of R$ 177.75 million ($ 32 million) in the first three months of the year, an increase of 93% in the annual comparison.

Source: G1