Suzano Faces Steep Profit Drop While Magazine Luiza Turns Profitable in Q1

Suzano (SUZB3), a Brazilian pulp and paper giant, saw Q1 profit plunge 95% to R$220 million ($43.14 million). This sharp decline stemmed from currency fluctuations affecting debt and derivatives. EBITDA totaled R$4.558 billion ($893.33 million), marking a 26% year-over-year drop. Net revenue reached R$9.459 billion ($1.854 billion), showing a 16% decline. Lower net dollar prices […]