Engie Brasil and the National Bank for Economic and Social Development (BNDES) signed financing contracts for the implementation of the Campo Largo 2 wind farm and the Gralha Azul transmission system. Together, the contracts provide for more then R$ 2.7 billion ($ 490 million) in financing.
Source: Valor Investe
Day: May 21, 2020
Exchange rate flow to Brazil is positive at $ 1.898 bn
The exchange rate flow to Brazil was positive at $ 1.898 billion between May 11th and 15th, data from the Central Bank, which raised the month’s surplus to $ 2.337 billion. Last week, the commercial account had a surplus of $ 1.943 billion
Source: UOL Economia
Hapvida increases revenues, but profit falls in the 1st quarter to $ 30 mm
The health services administrator Hapvida saw a strong increase in revenues in the first quarter, but its profit fell in the annual comparison, with the impact of financial expenses and provisions for reimbursement to SUS. The company announced that it had net income of R$ 164.6 million ($ 30 million) from January to March, down 19.9% in comparison with the same stage of 2019.
Source: Reuters
Quarantine leads agribusiness to contract 5.9%
Brazilian agribusiness contracted 5.6% in March compared to March 2019, already under quarantine effects due to the coronavirus pandemic, the Getúlio Vargas Foundation (FGV), which elaborates, through its Centre, recently announced. of Agribusiness Studies (GV Agro), the Agroindustrial Production Index (PIMAgro) – Physical Production.
Source: Agencia Estado
Unidas profit falls 3.6% in the quarter with $ 14 mm
Unidas’ recurring net income ended the quarter with a 3.6% decrease, totalling R$ 79.6 million ($ 14 million). According to the financial result released by the company, in the same quarter of 2019, the amount was R$ 82.5 million ($ 15 million). The company’s net revenue totalled R$ 1.2 billion ($ 218 million) in the first three months of the year and recorded an increase of 17.9%.
Source: Money Times
