Suzano (SUZB3), a Brazilian pulp and paper giant, saw Q1 profit plunge 95% to R$220 million ($43.14 million). This sharp decline stemmed from currency fluctuations affecting debt and derivatives. EBITDA totaled R$4.558 billion ($893.33 million), marking a 26% year-over-year drop. Net revenue reached R$9.459 billion ($1.854 billion), showing a 16% decline. Lower net dollar prices […]
Related Posts
Bogotá Leads Colombia’s Competitive Cities in 2024 Ranking
Bogotá has maintained its position as Colombia’s most competitive city in 2024. The Consejo Privado de Competitividad and Universidad del Rosario released their annual Índice de Competitividad de Ciudades. This report evaluates the competitive performance of Colombia’s 32 departmental capitals and 7 metropolitan areas. Bogotá secured the top spot with a score of 7.40 out […]
Colombia’s Unemployment Rate Climbs to 11.7% in Early 2024
As reported by DANE, Colombia’s joblessness rate reached 11.7% in February 2024, a minor rise from 11.4% the year before. Women faced higher unemployment at 14.7% than men’s 9.4%, creating a 5.3% gender gap. The Total Participation Rate stayed at 65.9%, while the Employment Rate dipped slightly to 56.4%. The TPR increased from 65.2% to […]
Formula 1 Revs Up for Thrilling U.S. Grand Prix 2024 in Austin
The Formula 1 season of 2024 reaches its crescendo with the United States Grand Prix. This Sunday, October 20, drivers will battle it out on the Circuit of the Americas in Austin, Texas. The race marks the 19th stage of an exhilarating championship. The Circuit of the Americas has seen diverse pole position winners since […]