The Central Bank (BC) anticipated for this month a request for the production of banknotes, in the amount of R $ 9 billion ($ 1.6 billion), for the Casa da Moeda. This production was already foreseen in the annual schedule, but the advance was necessary to avoid the lack of bills. Since the beginning of the covid-19 pandemic, the BC has observed that there is “hoarding” of money in the country.
The National Confederation of Industry (CNI) reported that 76% of industries reported that they reduced or stopped production due to the new coronavirus pandemic. According to the organisation, the survey was carried out between April 1 and 14 and heard 1,740 companies.
An operation under evaluation by the government to support energy distributors due to the impacts of the coronavirus pandemic on the sector should involve loans of up to R$ 12 billion ($ 2 billion) to electricity companies, according to current estimates. Financing is expected to be amortised over approximately 60 months, with payments by the end of 2025.
JHSF ended the first quarter of 2020 with a net profit of R$ 19 million ($ 3.2 mm), according to the financial result disclosed by the company. The value grew 61.1% compared to the same period in 2019. Net revenue also rose 35.8% with a total of R$ 166.9 million ($ 28.7 million) compared to R$ 122.9 million ($ 21 million) in the same three months last year
Source: Money Times
The construction company Cyrela reported net income of R $ 48.235 million ($ 8.2 million) in the first quarter of 2020. The amount represents a 21.44% decrease in comparison with the net profit of R$ 61.400 million ($ 10.5 million) in the same period of the previous year. The company also recorded net income attributed to the controllers of R$ 27.934 million ($ 4.8 million).
Source: UOL Economia