Earnings from this year’s Q1 declined 1% over the same period of last year.
Author: From the Newsroom
The Brazilian mining company has completed an operation with a syndicate of 24 global banks. The sum will be available for withdrawal until 2020, replacing a previous line of credit.
Such is the expectation of the Brazilian agency Tunísia Tur, which has taken travel agents from tour operator CVC this week to see major destinations in the North African country.
The meat producer’s revenues with exports to the two regions increased in Q1, but this markets’ share in the company’s total exports declined.
The Brazilian state-run institution disbursed US$ 11 billion in loans in quarter one. A more restrictive operational policy affected the results.
Minister of Planning said that the goal will be reached in the next fiscal year, which starts in July.
The Brazilian auto parts manufacturing company shipped 4.1% of its exports to the region in Q1. In the same period in 2014, this percentage stood at 3.7%.
The silos and agricultural equipment records decline in revenue, losses and weakening of exports in Q1.
A survey conducted by the Brazilian Institute of Geography and Statistics (IBGE) shows industry output lost steam in 11 of 15 areas in Q1 this year.
The industry grossed US$ 345 million from foreign sales in Q1 this year, according to the industry association. The trade balance ran a US$ 2.1 billion deficit.
Sales of the product dropped 7% in volume and revenue in April but some countries, such as Russia, Venezuela, Iran and Algeria, increased purchases.
Exports from Brazil grossed US$ 4.408 billion last week and imports amounted to US$ 3.432 billion, leading to a net positive result of US$ 976 million.
The Arab country went from US$ 6.7 million in imports in the first four months of 2014 to US$ 8.3 million in the same period this year. The UAE are at 12th place in the list of Brazilian footwear destinations abroad while Saudi Arabia is 7th.
Due to higher prices, revenues from the international market increased more than the volume in the first four months. The Arab countries also bought more coffee from Brazil.
