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Mexico's Pemex to save $184 million this year in reorganization
Mexico's Pemex to save $184 million this year in reorganization

Reuters

time2 days ago

  • Business
  • Reuters

Mexico's Pemex to save $184 million this year in reorganization

MEXICO CITY, June 4 (Reuters) - Mexican state energy company Pemex said on Wednesday that it plans to save 3.53 billion pesos ($183.89 million) this year and another 1.27 billion pesos next year as part of an institutional reorganization. In a regulatory filing, Pemex said layoffs would make up 1.4% of historical full-time positions, and that 71% of its total payroll spending would go to operational areas. ($1 = 19.1960 Mexican pesos)

Brazil's JBS reports profit of $521 million in first quarter
Brazil's JBS reports profit of $521 million in first quarter

Reuters

time13-05-2025

  • Business
  • Reuters

Brazil's JBS reports profit of $521 million in first quarter

SAO PAULO, May 13 (Reuters) - JBS ( opens new tab, the world's largest meatpacker, on Tuesday reported a net profit of 2.92 billion reais ($521 million) in the first quarter, in line with analysts' estimates of a 2.92 billion real net profit and a nearly 78% annual increase. In a financial statement, the company said earnings before interest, tax, depreciation and amortization, a measure of operating income known as EBITDA, came in at 8.92 billion reais, above the 8.77 billion reais forecast by analysts.

Cervecerias Unidas: Q1 Earnings Snapshot
Cervecerias Unidas: Q1 Earnings Snapshot

Washington Post

time08-05-2025

  • Business
  • Washington Post

Cervecerias Unidas: Q1 Earnings Snapshot

SANTIAGO, Chile — SANTIAGO, Chile — Compania Cervecerias Unidas (CCU) on Wednesday reported first-quarter profit of $60 million. The Santiago, Chile-based company said it had net income of 32 cents per share. The wine, spirits and soft drink company posted revenue of $848.5 million in the period. Cervecerias Unidas shares have increased 35% since the beginning of the year. The stock has climbed 20% in the last 12 months.

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