Holding Bradespar (BRAP4) recorded a net profit of R$343.1 million on its balance sheet for the first quarter of 2024. Compared to the same period of the previous year, when the figure was R$768.3 million, there was a decline of 55.3%.
As an investment company, Bradespar's operating income comes from the result of the equity and interest equation on Vale's own capital (VALE3).
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Regarding operating income, the company reached R$ 339.7 million between January and March of this year, representing a 55.2% decrease compared to the same period in 2023.
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Regarding expenses, administrative and general expenses increased by 17.5% during the year to reach R$2 million.
In the financial area, the company recorded a positive financial result of R$ 11.5 million, a decrease of 36.6% year-on-year, mainly due to financial investments and bonuses on recoverable taxes.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.