Brazilian real

Aura Announces 2023 Annual Financial and Operational Results and 2024 Guidance

Retrieved on: 
Tuesday, February 20, 2024
Engineering, EPP, EPCM, NPV, GEO, ZERO, Arantzazu, Brazilian real, Gold, Social responsibility, United States dollar, Cajueiro, IRR, Mexican peso, Economics, CAPEX, AISC, FX, Satellite navigation device

In Q4 2023, production reached 69,194 GEO, a notable increase of 7% compared to Q3 2023 and the best quarterly production for the year.

Key Points: 
  • In Q4 2023, production reached 69,194 GEO, a notable increase of 7% compared to Q3 2023 and the best quarterly production for the year.
  • Total production for 2023 reached 235,856 GEO at current prices, within the range of the Q3 2023 MD&A Consolidated Production Guidance of between 231,000 – 253,000 GEO for 2023.
  • In 2023, Aranzazu produced 106,119 GEO, 2% below 2022 at constant prices and in line with the Company`s Guidance.
  • Aura anticipates mining to continue in Ernesto during Q1 2024 with improving production rates.

Nu Holdings Ltd. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Payments, Technology, Finance, Fintech, Banking, Analysis, Investment, Holding, ROE, Net income, Yoy, Appendix, Webcast, Acceleration, FX, CSA, Ratio, Result, Security (finance), NU, International Financial Reporting Standards, International, Asset quality, Canadian Aviation Regulations, INSS, Conference, Central Bank of Brazil, IEP, NPL, Insurance, Prospectus, Annual report, Brazilian real, FXN, Bank

Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Fourth Quarter and Full Year 2023 financial results.

Key Points: 
  • Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Fourth Quarter and Full Year 2023 financial results.
  • Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).
  • In Brazil, the customer base reached 87.8 million by December 31, 2023, representing 53% of the country’s adult population.
  • Nu is the fourth-largest financial institution by number of customers in the country, according to Brazilian Central Bank data.

The L.S. Starrett Company Announces Fiscal 2024 Second Quarter Results

Retrieved on: 
Friday, February 16, 2024
Manufacturing, Other Manufacturing, Steel, Engineering, Machine Tools, Metalworking & Metallurgy, Growth, Table, GAAP, Retirement, IRS, Brazilian real, Video game

Net sales for the quarter of $62.1 million were 7.0% lower compared to the second quarter of the prior year, while currency neutral net sales of $60.7 million declined 9.2% compared to the second quarter of fiscal 2023.

Key Points: 
  • Net sales for the quarter of $62.1 million were 7.0% lower compared to the second quarter of the prior year, while currency neutral net sales of $60.7 million declined 9.2% compared to the second quarter of fiscal 2023.
  • Gross margin for the quarter was 30.5%, a decline of 180 basis points from 32.3% in the second quarter of the prior year.
  • Second quarter operating income was 4.0%, compared to 8.9% in the second quarter of the prior year.
  • Second quarter diluted earnings per share was a loss of $0.05, compared to a gain of $0.42 for the second quarter in the prior fiscal year.

Nu Holdings Ltd. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Social, Investment, Brazilian real, Conference, Analysis, Holding, Average cost method, Webcast, Ratio, International expansion of Netflix, ROE, Security (finance), International, NU, FX, INSS, Financial condition report, Result, Capital adequacy ratio, Acceleration, Insurance, IEP, Prospectus, Central Bank of Brazil, Asset quality, NPL, NYSE, Yoy, Financial result, Pix, Annual report, Phase 10, FXN, International Financial Reporting Standards, Cryptocurrency, Bank, Video game, Audit, Nu, Growth, Nubank, Payroll

Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Third Quarter 2023 financial results.

Key Points: 
  • Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Third Quarter 2023 financial results.
  • Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).
  • Below are the Q3’23 performance highlights of Nu Holdings Ltd.:
    Customer growth: Nu added 5.4 million customers in Q3’23 and 18.7 million year-over-year (YoY), reaching a total of 89.1 million customers globally by September 30, 2023.
  • Nu is the fourth-largest financial institution by number of customers in the country, according to Brazilian Central Bank data.

The L.S. Starrett Company Announces Fiscal 2024 First Quarter Results

Retrieved on: 
Monday, November 13, 2023
Other Manufacturing, Construction & Property, Steel, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Table, NYSE, Financial result, GAAP, Face, Calendar, Brazilian real, Bank, Video game

Starrett Company (NYSE: SCX) (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter ended September 30, 2023.

Key Points: 
  • Starrett Company (NYSE: SCX) (“Starrett” or “the Company”) a global innovator, manufacturer and marketer of precision measuring tools, cutting tools and equipment, and high-end metrology solutions for industrial, professional, and consumer markets, today announced operating results for the quarter ended September 30, 2023.
  • Gross margin for the quarter was 32.2%, a decline of 120 basis points from 33.4% in the first quarter of the prior year.
  • First quarter operating income was 4.1%, down 200 basis points, from 6.1% in the first quarter of the prior year.
  • First quarter diluted Earnings per Share was $0.25 compared to $0.27 for the first quarter in the prior fiscal year.

Verde achieves C$10.3 million revenue, 81% gross margin and C$2.1 million EBITDA in the second quarter of 2023

Retrieved on: 
Monday, August 14, 2023
Shift, Real, Potassium chloride, Boeing Plant 2, Bank statement, Farmer, NPK, Nutrient, FOB, CFR, Brazilian real, Element, Sale, Projection, Plant, EBITDA, Investment, MD, Boeing Plant 1, Administration, Mining, Natural borrowing limit, African Markets Overview, Bulk, Depreciation, Micronutrient, Boron, Bookkeeping, Bank, Fertilizer, Cryptocurrency, Potash

The Company had an EBITDA of $2,102,000 in Q2 2023, compared to $10,764,000 in Q2 2022.

Key Points: 
  • The Company had an EBITDA of $2,102,000 in Q2 2023, compared to $10,764,000 in Q2 2022.
  • Farmers are encountering difficulties in financing planting activities and are opting for extended payment terms with competitive interest rates from suppliers.
  • This shift has culminated in a decrease in the sales proportion of BAKS, Verde's higher-margin product, from 15% to 8% in the second quarter of 2023.
  • The conjunction of these factors brought specific challenges for Verde and impacted its Product sale during the quarter.

Arcos Dorados Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 17, 2023
Retail, Restaurant, Bar, Food, Beverage, Insurance, Table, Bank statement, GAAP, Arcos Dorados Holdings, Sale, Public expenditure, Constant, EBITDA, Investment, Brazilian real, Form, Webcast, Depreciation, Growth, Adjustment, Bank, Cryptocurrency, Bookkeeping

Net financial debt equals total financial debt less total cash & cash equivalents.

Key Points: 
  • Net financial debt equals total financial debt less total cash & cash equivalents.
  • As of June 30, 2023, total cash and cash equivalents were $224.0 million and total financial debt (including the net derivative instrument position) was $695.5 million.
  • The net debt to Adjusted EBITDA leverage ratio ended the quarter at a healthy 1.1x.
  • In order to access the webcast, members of the investment community should follow this link: Arcos Dorados Second Quarter 2023 Results Webcast .

Nu Holdings Ltd. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 15, 2023
Banking, Fintech, Professional Services, Finance, Central Bank of Brazil, Holding, International, Result, Secured loan, Asset quality, Insurance, NU, Financial condition report, NPL, Brazilian real, Ratio, Prospectus, FXN, International Financial Reporting Standards, FX, Annual report, Analysis, Financial result, Webcast, Yoy, International expansion of Netflix, IEP, Security (finance), Average cost method, ROE, Conference, NYSE, SME, Video game, Bank, Drug, Real estate, Audit, Growth, Nubank

Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Second Quarter 2023 financial results.

Key Points: 
  • Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Second Quarter 2023 financial results.
  • Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).
  • Below are the Q2’23 performance highlights of Nu Holdings Ltd.:
    Customer growth: Nu added 4.6 million customers in Q2’23 and 18.4 million year-over-year (YoY), reaching a total of 83.7 million customers globally by June 30th, 2023.
  • In July 2023 , after the closing of Q2’23, Nu surpassed the mark of 85 million customers globally and 80 million in Brazil.

Ramp Expands Into Brazil To Spearhead Crypto Adoption Via Seamless Fiat On- and Off-Ramps

Retrieved on: 
Wednesday, July 26, 2023
Government, BitPay, Brazilian real, Growth, Cryptocurrency, Sorare, Inclined plane, Exodus

Ramp, which raised $70 million in funding last year, is serious about global crypto adoption, and Latin America has emerged as a key target market and one of the world’s fastest-growing regions in terms of crypto adoption.

Key Points: 
  • Ramp, which raised $70 million in funding last year, is serious about global crypto adoption, and Latin America has emerged as a key target market and one of the world’s fastest-growing regions in terms of crypto adoption.
  • The 2023 Blockchain Report by Sherlock Communications states that Brazil has emerged as the seventh-ranked country in the world in terms of crypto adoption, with more than 16 million people using crypto.
  • Brazil’s government has also embraced crypto, passing legislation that seeks to regulate the industry in 2023 and encourage further adoption, innovation, and growth.
  • Brazil’s soaring level of crypto adoption makes it an ideal base for Ramp’s expanding Latin America operations, enabling it to better serve customers in the region.

Verde achieves C$11.1 million revenue, 76% gross margin and C$2.0 million EBITDA in the first quarter of 2023

Retrieved on: 
Tuesday, May 16, 2023
Potassium chloride, Boeing Plant 2, Fertilizer, Farmer, Mato Grosso, Nutrient, FOB, CFR, Sale, Projection, EBITDA, Cost, Boeing Plant 1, Big Bag, Brazilian real, Mining, Micronutrient, Soybean, Boron, Mobile phone, Potash, Cryptocurrency, Insurance

SINGAPORE, May 16, 2023 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (“Verde” or the “Company”) is pleased to announce its financial results for the first quarter ended March 31, 2023 (“Q1 2023”).

Key Points: 
  • The Company had an EBITDA of $1,969,000 in Q1 2023, compared to $3,678,000 in Q1 2022.
  • As a result, the weighted average distance of Product delivered increased by 12% in the quarter compared to the previous year, with a $600,000 impact in Q1 2023.
  • Basic loss per share was $0.002 for Q1 2023, compared to earnings of $0.06 for Q1 2022.
  • Sales by volume decreased by 4% in Q1 2023, to 108,000 tonnes sold, compared to 112,000 tonnes sold in Q1 2022, due to the circumstances summarized below.