financetom
Business
financetom
/
Business
/
Brazil's Raizen reports quarterly net loss of $27.5 mln
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil's Raizen reports quarterly net loss of $27.5 mln
Nov 12, 2024 3:43 PM

SAO PAULO, Nov 12 (Reuters) - Brazilian sugarcane

processor Raizen posted on Tuesday a 158.3 million

real ($27.5 million) net loss for the second quarter of the

2024/2025 crop, a sharp drop from the 28.4 million real profit

it logged a year earlier.

($1 = 5.7490 reais)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Micron Technology to See Extended Pressure on Pricing, Gross Margins, Says BofA Securities
Micron Technology to See Extended Pressure on Pricing, Gross Margins, Says BofA Securities
Dec 19, 2024
11:41 AM EST, 12/19/2024 (MT Newswires) -- Micron Technology ( MU ) is set to see extended pressure on pricing and gross margins through fiscal Q3 amid NAND headwinds and weaker phone and PC markets, BofA Securities said in a Thursday note. On Wednesday, the company reported fiscal Q1 non-GAAP earnings of $1.79 per diluted share, swinging from a loss...
Update: Silvercorp Up 3.6% as It Posts Intercepts from Drilling at the LMW Mine in China
Update: Silvercorp Up 3.6% as It Posts Intercepts from Drilling at the LMW Mine in China
Dec 19, 2024
11:35 AM EST, 12/19/2024 (MT Newswires) -- (Updates shares.) Silvercorp Metals ( SVM ) late on Wednesday reported assay results from the LMW underground mine in Henan Province, China. Highlights of the results include 34 grams per tonne (g/t) gold and 4.45% copper over 0.82 meters and 5.28 g/t gold and 20.28% copper over 0.59 meters. Drilling at the W...
Commercial Metals Likely to See Growth From US Infrastructure Spending, Morgan Stanley Says
Commercial Metals Likely to See Growth From US Infrastructure Spending, Morgan Stanley Says
Dec 19, 2024
11:40 AM EST, 12/19/2024 (MT Newswires) -- Commercial Metals ( CMC ) is well placed to benefit from incremental rebar demand linked to US government-funded projects, Morgan Stanley said in a note on Thursday. But, stock valuation is high, compared with historic performance, and new rebar supply will potentially compress margins along with a possible glut in the supply chain...
Update: Mandalay Resources Down Nearly 3% as It Reports a New Discovery at the Bjorkdal Operation in Sweden
Update: Mandalay Resources Down Nearly 3% as It Reports a New Discovery at the Bjorkdal Operation in Sweden
Dec 19, 2024
11:40 AM EST, 12/19/2024 (MT Newswires) -- (Updates shares.) Mandalay Resources ( MNDJF ) reported Thursday the discovery of a new gold domain at the Bjorkdal operation in Sweden. The company said key intercepts from the north zone below the Marble discovery include 178.9 grams per tonne (g/t) gold over 1.15 meters, 39.6 g/t gold over 3.90 meters and 69.4...
Copyright 2023-2026 - www.financetom.com All Rights Reserved