Irani’s Q4 2024 Profit Soars on Tax Break, Yet Annual Decline Raises Questions

Irani Papel e Embalagem S.A. (RANI3) released its Q4 2024 earnings on February 21, 2025. The Brazilian paper and packaging firm posted a striking R$ 186 million net profit, up 2,524% from R$ 7.1 million in Q4 2023. A R$ 168.2 million tax credit, tied to excluding ICMS from taxable income, fueled this surge. This […]