Brazil’s Magazine Luiza Achieves Third Profitable Quarter

Magazine Luiza (Magalu) reports its third consecutive profitable quarter. The company reversed previous losses, showing significant financial improvements. It posted a net profit of R$24 million ($4.32 million) in Q2 2024. Recurring results show a profit of R$37 million ($6.67 million). This contrasts sharply with last year’s R$198.8 million ($35.82 million) loss. Earnings before interest, […]