S\u00e3o Paulo \u2013 This Thursday (16th), consulting firm Economatica issued a survey according to which the combined profits of listed Brazilian companies reached 26.9 billion reals (US$ 13.3 billion at current exchange rates) in the second quarter this year, down 47.1% from 50.9 billion (US$ 25.1 billion) in the same quarter last year. The survey covered 316 companies listed at the S\u00e3o Paulo Stock Exchange (Bovespa).<\/p>\n
The highest-profiting institutions were banks, with a combined 11.6 billion reals (US$ 5.7 billion), down 11.1% from 13.1 billion reals (US$ 6.5 billion) in the second quarter of last year. Economatica informed that profits declined in 14 out of 24 sectors surveyed from April to June 2012, and increased in the remaining 10 sectors. <\/p>\n
Profits were up in electric power, telecom, software and data, trade, stock and commodities, textiles, appliances, insurance, non-metallic minerals, and insurance brokerage. The stock exchange and insurance brokerage sectors comprised only one company each.<\/p>\n
The 292 non-financial companies surveyed had a combined profit of 15.24 billion reals (US$ 7.5 billion), down 59.6% from 37.75 billion (US$ 18.7 billion) in the second quarter of 2011. It is worth noting that Petrobras alone incurred a loss of 1.346 billion (US$ 665.2 million) from April from June 2012, as against a net profit of nearly 11 billion (US$ 5.4 billion) in the same period of 2011. <\/p>\n
Not considering Petrobras and mining company Vale, the combined profits of the 290 remaining enterprises amounted to 11.2 billion reals (US$ 5.5 billion), down 31.8% from 16.5 billion reals (US$ 8.1 billion) in quarter two, 2011, according to Economatica.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The combined returns of 316 Brazilian enterprises reached US$ 13.3 billion in quarter two, as against US$ 25.1 billion in quarter two last year. Only 10 out of 24 sectors surveyed saw profits rise.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-42331","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The combined returns of 316 Brazilian enterprises reached US$ 13.3 billion in quarter two, as against US$ 25.1 billion in quarter two last year. Only 10 out of 24 sectors surveyed saw profits rise.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/42331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=42331"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/42331\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=42331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=42331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=42331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}