PetroRecôncavo (RECV3) will request a royalty reduction;  CSN (CSNA3) and IRB (IRBR3) will release balance sheets and more news

PetroRecôncavo (RECV3) will request a royalty reduction; CSN (CSNA3) and IRB (IRBR3) will release balance sheets and more news

Corporate news on Monday (15) highlights PetroRecôncavo (RECV3), which will request reduced royalties.

Eletrobras (ELET3; ELET6) generated net income of R$1.401 billion in the second quarter of the year, down 45% compared to the same period in 2021.

Simeg, in turn, witnessed a decrease in net income by 97.44% in the second quarter of this year, compared to the same period in 2021, to R$49.876 million.

The season for the announcement of Brazilian corporate results comes to an end on Monday (15). CSN (CSNA3), IRB (IRBR3), Itaúsa (ITSA4) and Nubank (NUBR33) are notable companies publishing results.

It should be noted that according to the information received from the Brazil Journal on Friday, citing sources, the reinsurer IRB should announce a capital increase next Monday to avoid falling below the minimum capital requirements of the sector regulator. The value of the deal can range between 1 billion Brazilian reais and 1.5 billion Brazilian reais, depending on the fixed value of each share, about 1 Brazilian real per share, with an approximate discount of 50% in connection with the closing of the trading session Friday, 2.30 Brazilian reals, according to the publication.

In an explanation of the market, the company stated that in general, it is constantly evaluating the various alternatives available to strengthen its financial position, and that in this context, it is studying the possibility of implementing a fundraising operation.

Check out more highlights:

Petroreconcavo (RECV3)

Petrorecôncaco (RECV3) will seek to reduce royalties to the legal minimum of 5% of its fields and subsidiaries that are described as marginal fields. According to the company, ANP – National Agency for Petroleum, Natural Gas and Biofuels Resolution No. 877, dated May 16, 2022, provides for the classification of marginal fields to onshore fields that meet one or more of the following criteria: Total production of up to 900 barrels of oil equivalent per day ( boed); Total production up to 1,800 barrels of water for natural gas fields; The total output is up to 1350 boed and the API grade is less than 22; or BSW greater than ninety-eight percent.

On August 5, 2022, the Board of Directors of the National Ports Agency No. 1097 approved the result of the first analysis for the classification of oil and natural gas fields with marginal economy or production based on the National Ports Agency Resolution No. 877/2022, classifying 51 concessions of the company and its subsidiaries as marginal fields.

Eletrobras (ELET3; ELET6) reported net profit of R$1.401 billion in the second quarter, down 45% compared to the same period in 2021. In the year to June, the company’s profit fell 1% to R$4.117 billion.

According to the state-owned company, the result was negatively affected by the provision for losses on investments in the amount of R$890 million, mainly due to the capital contribution made by Farnas to SPE Santo Antônio Energia. In the quarter, there was also weight to record R$694 million in doubtful account provisions (PCLD) related to Amazonas Energia distributor delays.

Cemig’s net income (CMIG4) decreased by 97.44% in the second quarter of this year, compared to the same period in 2021, to R$49.876 million, impacted by the provision of R$1.405 billion created to comply with the provisions of Law 14385/2022, which governs the return of tax exemptions Related to the collection of PIS and Cofins on the basis of the ICMS Account. In the year to June, Cemig’s profit was R$1.505 billion, down 36.45% year-over-year.

In a statement, the company informed that it is awaiting regulation of the law by the National Electric Energy Agency (Aneel) and is evaluating possible future actions related to this issue with legal advisors.

The company’s net revenue in the second quarter grew by 11.7% to R$ 8.213 billion, and in the first half the company recorded revenue of R$ 16,060, an increase of 11.0%. Between April and June, adjusted EBITDA, excluding non-recurring items, grew 37.02% year-over-year to R$1.809 billion.

Cosan (CSAN3) reported adjusted net income of R$53.6 million in Q2 2022 (Q222), 94.6% lower than the amount reported at the same point in 2021.

Without taking into account the adjustments, the loss would have been R$ 125 million in the second quarter, compared to a positive figure of R$ 996.6 million in the same period in the previous year. According to the company, the performance was affected by the additional financial expenses, which have no monetary impact, in the company, and by the high interest rate, which consequently led to an increase in the cost of indebtedness in all of the group’s business.

Adjusted earnings before interest, tax, depreciation and amortization (Ebitda) totaled R$4.144 billion in the second quarter of ’22, an increase of 34.5% over the second quarter of ’21.

M Dias Branco (MDIA3)

M. Dias Branco (MDIA3) reported net income of R$233.5 million in the second quarter of 2022 (Q222), which is 64.1% higher than the figure recorded at the same point in 2021.

The company attributes earnings growth to Ebitda’s expansion in the period.

Gross earnings before interest, tax, depreciation and amortization (Ebitda) amounted to R$357.1 million in the second quarter of 22, an increase of 113.6% compared to the second quarter of 21.

Mobly (MBLY3) posted a net loss of R$27.8 million in the second quarter of 2022 (Q2 of 22) versus a net loss of R$17 million in the second quarter of 2021, an increase of 63.9%, according to the furniture e-commerce company. and decoration.

“The market remains challenging in Q222 as global furniture and decor e-commerce companies have been impacted by post-pandemic normalization, with lower demand, persistent high inflation, high household indebtedness and
Difficult comparisons compared to Q2 and Q2 2020, impacting a 15.6% drop in GMV [volume bruto de mercadorias] It indicated a decrease compared to the second quarter of 2020 and a decrease of 16.0% compared to the second quarter of 21.

Tegra

The company said on Friday (12) that Tegra posted net income of R$47 million in the second quarter of 2022 (Q222), an increase of 88% over that recorded at the same point in 2021.

Total net revenue was R$377 million in the second quarter of this year, a decrease of 11.3% compared to the same period in 2021.

Brisanet (BRIT3)

Brisanet (BRIT3) net loss was R$1.3 million in the second quarter of 2022, reflecting a gain of R$9.5 million from the same stage of 2021.

Total net revenue was R$236.6 million in the second quarter of this year, an increase of 39% compared to the same period in 2021.

PDG Realty (PDGR3) reported net income of R$352 million in Q2 2022 (Q222), reflecting a loss from the same phase of 2021.

Gross EBITDA was R$ 5.7 million in the second quarter of 22, compared to negative Ebitda of R$ 103.9 million in the same period a year earlier.

El Dorado Brazil

El Dorado Brazil ended the second quarter of 2022 with a net profit of R$703 million, down 39.4% from the same period last year.

Adjusted Ebitda (EBITDA) was R$1.075 billion, which is an increase of 6.5% on a comparable basis, while Ebitda’s margin increased from 64.3% to 58.7% between the quarter.

Hail (SLED4)

Saraiva Library (SLED4), which is undergoing judicial reorganization, recorded an adjusted net loss of R$21.8 million in the second quarter of 2022 (Q222), a decrease of 12% in relation to the loss in the same period in 2021. , the company said. In this Friday report (12).

Adjusted earnings before interest, tax, depreciation and amortization (Ebitda) were negative R$9.7 million in the second quarter of 22, compared to R$19 million in the second quarter of 21, an improvement of 49%.

invibar ([ativo=IVPR3])

Invepar (IVPR3) reduced its 2Q22 net loss to R$122.9 million versus R$445 million in losses.

Dimed (PNVL3) will pay interest on equity (JCP) in the amount of R$8 million, representing a total of R$0.05381962 per common share. The primary date of payment is August 22 and the balance will be paid off on August 31.

CPFL (CPFE3)

CPFL (CPFE3) has submitted to the Securities and Exchange Commission (CVM) an Application for Registration of a Public Offer to Acquisition of Common and Preferred Shares Issued by Companhia Estadual de Transmissão de Energia Elétrica – CEEE-T Conversion of Registration as a Public Party – The Reserved Company as a Securities Issuer from Class A to Class B.

Jales Machado (JALL3)

JALLES Machado (JALL3) has approved the third issue of the catalyst bond, which will be subject to public distribution with limited efforts, under the Fixed Employment Guarantee Scheme for the total amount of the issue, which is R$350 million.

Laser distance (ESPA3)

Espaço Laser (ESPA3) has agreed to issue a bond of R$615 million, with a maturity of three years.

Kepler Weber (KEPL3)

Kepler-Weber (KEPL3) has agreed to terminate the company’s share repurchase program, which was approved by the Board on June 30, 2022. Through this, 371,300 common shares were acquired, which will be held in treasury to support grants within the scope of the long incentive program Term for Kepler Weber executives, cancellation, and holding or disposal of treasury.

Southern Cross (CSED3)

The Cruzeiro do Sul Educacional (CSED3) Board of Directors has approved a share buyback program of up to 6% of the share capital.

Paranapanema (PMAM3)

Paranapanema (PMAM3) recorded a net loss of R$562.3 million in the second quarter of 2022 (Q222), due to the strong impact of the exchange rate change on debt and other US dollar balance sheet positions.

Badtek ([ativo=PDTC3)

A Padtec (PDTC3) reverteu o lucro de R$ 11,7 milhões do segundo trimestre de 2021 para um prejuízo de R$ 4,4 milhões no 2T22.

Mobly ([ativo=MBLY3])

Mobly (MBLY3) increased its net loss by 7.6% and recorded a loss of R$27.8 million in the second quarter of the year.

Eucatex (EUCA4)

Eucatex reported recurring net income of R$40.4 million in the second quarter of 2022 (Q222), which is 57% lower than the figure recorded at the same point in 2021.

Recurring earnings before interest, tax, depreciation and amortization (Ebitda) totaled R$118.7 million in the second quarter of ’22, a decrease of 10.8% compared to the second quarter of ’21.

igua ([ativo=IGSN3])

Iguá Saneamento recorded a net loss of R$172.5 million in the first quarter of 2022 (Q1 22), reflecting a gain of R$2.3 million for the same period in 2021.

Adjusted total EBITDA was R$135.2 million in the first quarter of 22, an increase of 188.5% compared to the first quarter of 21.

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