Tenda Swings to Profit, PetroReconcavo Faces Decline, MRV&Co Boosts Margins in Q1

Tenda (TEND3) reported a Q1 net profit of R$ 4.4 million ($0.86 million), a turnaround from last year’s R$ 41.9 million ($8.22 million) loss. Meanwhile, their consolidated net revenue rose by 14.4% to R$ 744.9 million ($146.06 million). From January to March, Tenda’s primary brand saw a net profit of R$ 19.9 million ($3.90 million), […]

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