Americanas shareholders learned the meaning of the word discount the hard way. In three days, the shares fell 11.6% and the retail company’s market value shrank by R$3.5 billion. The cause was its wide-open digital fragility. Its website and those of its affiliates Submarino and Shoptime were down for five days due to a hacker attack. The company stated that it “proactively suspended part of the servers in the e-commerce environment (…) as soon as it identified unauthorized access”. The problem started on Saturday (19) and was only partially resolved on Wednesday (23). The São Paulo Procon asked for explanations about the losses and how much these problems would affect consumers.
Assaí revenue breaks record
The recognition of tax credits and the acceleration of store openings boosted the results of the cash and carry chain Assaí in the fourth quarter of 2021. Quarterly revenue was a record: R$ 11.55 billion, an increase of 8.1% compared to the same period. period of 2020. The profit grew 76%, to R$ 527 million. In the year, the net profit of the network was slightly above R$ 1.6 billion, advancing 60.5% compared to 2020. Revenue was R$ 41.8 billion, up 16.5% over 2020.
Raízen boosts Cosan’s results
Cosan profited BRL 411.2 million in the fourth quarter of 2021, up 58.5% year-on-year. The result was benefited by Raízen’s numbers. The sugar and alcohol producer earned R$ 1.21 billion in the third quarter of the 2021/22 crop year. This offset the weaker numbers from Rumo, whose Ebitda dropped 45%, a performance below expectations. What worsened the results was the drop in the volume of grain transported, due to the corn crop failure and the increase in costs.
Inter’s profit grows 1,000%
Banco Inter’s adjusted net income in the fourth quarter was R$78 million, a jump of more than 1,000% compared to 2020. The bank opened 2.9 million accounts in the quarter. The daily average was 31,500, the highest in the bank’s historical series. This increased service revenue to R$453.5 million, an increase of 140% compared to the same period in 2020. Credit revenue increased 123% to R$560 million, as the loan portfolio reached R$18, 6 billion, growth of 97%.
Nubank’s numbers displease the market
Nubank’s first balance sheet released after its IPO shows that the fintech managed to reverse part of the loss recorded in 2020. Last year, the loss was US$ 162.3 million, less than the loss of US$ 171.5 million recorded in 2020. However, the fintech reported an adjusted result — defined as attributable profit or loss corrected for the expenses and tax impact of the share-based compensation for the year — in which it declared that it had earned $6.6 million in 2021, after having suffered an adjusted loss of US$ 26.8 million in 2020. With or without adjustment, the result disappointed
the market. BDRs traded on B3 closed at the lowest of the day, at R$6.31, down 16.8%
JSL has the best performance in history
The logistics company JSL earned BRL 5.1 billion and profited BRL 273 million in 2021, growth of 58% and 565% compared to 2020, respectively. According to President Ramon Alcaraz, the company was able to take advantage of the growth in deliveries of fast consumption items due to the pandemic and in commodity exports. JSL also benefited from the five acquisitions made in the last 12 months.
This made it possible to offset higher costs, especially diesel. “We had to renegotiate several contracts, but this allowed us to sell more services,” Alcaraz said.
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