The corporate radar this Thursday (15) highlights the approval of dividends for Telefônica Brasil (VIVT3), owner of Vivo, and Syn Prop. Marfrig (MRFG3) approves new buyback program of up to 25 million shares.
Regarding financial results, Gol (GOLL4) reports an adjusted loss of R$1 billion in the 2nd quarter of 2024. Marfrig (MRFG3) reverses a loss from a year earlier and earns R$75 million in the 2nd quarter of 2024. Americanas (AMER3) reports a net loss of R$1.4 billion in the 1st semester of 2024.
Petz (PETZ3) reports a 79.8% decrease in profit in the 2nd quarter. Oi (OIBR3) reverses losses and reports a net profit of R$15 billion in the 2nd quarter. Equatorial earns 16.8% more in the 2nd quarter. IRB(Re) (IRBR3) reports a net profit of R$65 million in the 2nd quarter of 2024.
Light (LIGT3) records a loss of R$51.6 million in the 2nd quarter. Panvel’s profit dropped by 82.6% in the 2nd quarter. Cosan (CSAN3) reports a net loss of R$227 million in the 2nd quarter, a 78% reduction.
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Americanas (AMER3)
Americanas (AMER3), under judicial recovery, decided last Wednesday (14) to discontinue the disclosure of its projections (guidance).
Marfrig (MRFG3)
Marfrig (MRFG3) has approved a buyback program for up to 25 million shares, representing 8.130% of the outstanding shares, for a maximum period of eighteen months, until February 14, 2026.
Telefônica Brasil (VIVT3)
The Board of Directors of Telefônica Brasil (VIVT3), owner of Vivo, approved the distribution of interest on own capital (JCP) in the gross amount of R$400 million, based on the balance sheet of July 31, 2024. The gross amount per share is R$0.24359217033.
Syn Prop & Tech (SYNE3)
The board of directors of Syn Prop & Tech (SYNE3) approved the distribution of interim dividends in the total amount of R$440 million, corresponding to R$2.8825156395308100 per share.
Oi (OIBR3)
Oi (OIBR3), under judicial recovery, reported a net profit of R$15 billion in its second quarter of 2024, reversing the loss of R$845 million in the same period of 2023.
This turnaround is due to the approval of the company’s judicial recovery plan in April. This plan reduced the operator’s debt by about 70% through discounts, installment payments, and conversion of values into shares.
This movement generated an accounting gain of R$14.7 billion (without cash effect) for the company. This gain appeared in the financial result line (balance between revenues from financial investments and loan expenses), which was positive at R$15.6 billion.
Marfrig (MRFG3)
Marfrig (MRFG3) announced on Wednesday that it had a consolidated net profit of R$75 million in the second quarter, reversing the negative result of R$784 million from the same period last year.
The food processor stated in its results report that its consolidated performance reflects a combination of strategic participation in BRF and the implementation of a new business model for operations in South America, in addition to the continued strength of operations in North America.
The operational performance measured by adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) reached R$3.378 billion, 64.8% higher than a year earlier, with the margin increasing from 6.9% to 9.7% in this interval.
Gol (GOLL4)
Gol (GOLL4) reported an adjusted net loss of R$1.05 billion in the second quarter, compared to a profit of R$416 million a year earlier, according to the results report released on Wednesday.
Excluding adjustments, the airline suffered a loss of R$3.91 billion, also reversing a profit of R$556 million in the same period last year. Analysts expected losses of R$652 million, according to a survey by LSEG.
The operational result measured by recurring earnings before interest, taxes, depreciation, and amortization (Ebitda) totaled R$745 million in the quarter ended in June, 21.3% lower than the figure registered in the second quarter of 2023. Gol is under judicial recovery in the United States.
Americanas (AMER3)
Americanas (AMER3) reported its results for 2023 and the 1st semester of 2024. The company recorded a net loss of R$1.4 billion in the first half of 2024. In 2023, the net loss was R$2.27 billion.
In the first half of 2024, the net revenue was R$6.849 billion and the earnings before interest, taxes, depreciation, and amortization (Ebitda) were R$1.340 billion. Adjusted Ebitda was R$265 million in the first half of the year.
The Ebitda was negative at R$2.80 billion in 2023. Net revenue was R$14.942 billion in 2023.
Equatorial (EQTL3)
Equatorial (EQTL3) reported an adjusted net profit of R$306 million in the second quarter, 16.8% higher than the result from a year earlier, according to the financial statement.
Analysts expected, on average, a profit of R$552.8 million, according to estimates compiled by LSEG.
The Ebitda adjusted for non-recurring and non-cash effects totaled R$2.43 billion between April and June, an 11.1% year-on-year growth, slightly above analysts’ expectations of R$2.37 billion.
Light (LIGT3)
Light (LIGT3) reported a net loss of R$51.6 million in the second quarter of this year, reversing the profit of R$109.4 million reported a year earlier. Therefore, in the accumulated total of 2024 until June, the company has accumulated losses of R$257.6 million, compared to a profit of R$216.5 million in the first semester of 2023.
The earnings before interest, taxes, depreciation, and amortization (Ebitda) totaled R$570.5 million between April and June, an amount 18.2% higher than reported in the same period last year.
Panvel (PNVL3)
The Panvel group (PNVL3), based in Eldorado do Sul, one of the most affected cities, and which draws 65% of its revenue from the state of Rio Grande do Sul, was one of them. The flood effect had a net impact of R$15.2 million on the net result of the period, which closed at R$4.3 million, with an annual decrease of 82.6%.
Petz (PETZ3)
Petz (PETZ3) reported an adjusted net profit of R$4.968 million in the second quarter, a 79.8% decrease from the amount reported in the same period of 2023, which was R$24.548 million.
The earnings before interest, taxes, depreciation, and amortization (Ebitda) adjusted decreased by 14.4%, to R$59.880 million.
The adjusted Ebitda margin, in relation to gross revenue – which increased by 3.8%, to R$980.9 million – was 6.1%, compared to 7.4% a year earlier.
