Latest Breaking News On - Paula laier - Page 8 : comparemela.com
Brazilian drug and medical products distributor Viveo valued at $1 1 billion in IPO
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Brazil s Petrobras shares soar as dividends, results surprise
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Brazil s Usiminas posts record quarterly profit, shares flat
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
SAO PAULO (Reuters) - Brazilian steelmaker Usiminas posted a record quarterly profit on Friday, reflecting strong operating results and higher prices for steel as well as tax credit and foreign exchange gains.
Investors were unfazed, as shares were virtually flat in mid-morning trading at 20.65 reais.
The company said it earned 4.5 billion reais ($882 million) in the second quarter, reversing a loss of 395 million reais in the same period last year, when more restrictive measures related to the COVID-19 pandemic were in force, affecting the company’s business.
Steel sales volumes reached 1.3 million tonnes, the highest level since the third quarter of 2014 and more than double than the second quarter of last year. Compared with the first quarter of 2021, it meant an increase of 5%.
By Reuters Staff
(Updates with official sourcing and figures)
SAO PAULO, July 26 (Reuters) - Brazilian financial start-up TradersClub on Monday priced its initial public offering at 9.50 reais per share, according to a filing with the country’s securities regulator, reaching a valuation of 2.7 billion reais ($521.58 million).
The company raised 606.9 million reais in the IPO, the filing said. A source familiar with matter told Reuters earlier in the day that the company would raise 712.5 million reais, but the final fundraising was lower as one of two overallotments went unsold.
Also known as TC, the company offers services such as news, research and investment chats to 470,000 investors through its app.