Operational Hurdles Can’t Stop Prio’s Profit Surge

In Q2 2024, Brazil’s Prio (PRIO3) reported a significant net profit increase, reaching $272.8 million—a 48% jump from last year. This robust performance occurred despite various operational challenges and market fluctuations. Revenue rose 37%, hitting $727.5 million. Adjusted EBITDA also saw a significant increase, surging 76% to $584.7 million; operationally, it adjusted up 64%. The company […]