Petz (PETZ3), a leading pet retailer, reported a Q1 2024 adjusted profit of R$6.9 million ($1.35 million). This was a 64.1% drop from last year’s same period. The decline came from lower operational leverage, rising depreciation, and higher financial expenses. Furthermore, recent investments drove depreciation and amortization upward. Currently engaged in merger talks with Cobasi, […]
Related Posts
Floods in Rio Grande do Sul Cause Significant Losses in Soybean Crop
Floods in Rio Grande do Sul have devastated the state’s soybean crop, with Emater estimating the loss at 2.714 million tons. Initially, the Brazilian state projected a production of 22.246 million tons over 6.68 million hectares. However, adverse weather reduced the productive area to 1.49 million hectares and yield to 2,923 kilograms per hectare. Consequently, […]
