Ultrapar has a 31% drop in profit in the 1st quarter, to $ 28 mm

Ultrapar recorded net attributable to the company’s shareholders of R$ 160.9 million ($ 28 million) in the first quarter, down 31% compared to the R$ 233.7 million ($ 40 million) recorded a year earlier. Despite the improvement in operating performance, the company ended the quarter with a net financial expense of R$ 168 million ($ 29 million), compared to revenue of R$ 1 million ($ 173 k ) in the same period of 2019.

Source: Valor Investe