Day: June 5, 2020

BR Malls net profit drops 23.5% in the first quarter

Shopping centre operator BR Malls recorded a 23.5% drop in net income for the first quarter, to R$118.5 million ($23 mn) in the annual comparison. The company’s revenue decreased 4.5% in the period from January to March, to R$283.7 million ($57 mm), compared to the same period in 2019.

Firjan’s projection points to a 6.4% decline of RJ’s GDP in 2020

The Federation of Industries of the State of Rio de Janeiro (Firjan) released projections that point to a 6.4% decline in the state’s GDP in 2020. According to Firjan, the reduction in GDP is a reflection of the effects of the pandemic of new coronaviruses and economic, political and social scenario. The data were released through the study “Rio de Janeiro: results and perspectives for GDP”.

Real estate financing in Brazil rises 22.6% in April

Real estate credit with savings resources totalled R$6.7 billion ($1.3 bn) in April, up 22.6% from the same month of 2019, and a 0.4% decrease in the sequential basis, Abecip said on Thursday. From January to April, loans for the acquisition and construction of real estate increased 27.9% year-on-year, to R$26.95 billion ($5.4 bn).

Wheat sales reach 6% of the harvest in Paraná

The commercialisation of wheat in Paraná reached 6% of the estimated production for the harvest that is being planted in the State, with producers taking advantage of the price increase driven by the exchange rate, said Ocepar. Wheat prices are attached to the exchange rate due to the country’s dependence on imports. Thus, internal quotations follow the parity of the value of the imported product.