The corporate news of this Thursday is highlighted by the approval by the Board of Directors of Via Varejo of an offer of shares that can reach R$4 billion ($800 mn). B3, on the other hand, informed that it will assign a possible loss risk of R$1.3 billion ($260 mn) to the merger processes.
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.
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 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).
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.