BusinessNews

“Suzano SA Reports Record Loss Amid Weakened Brazilian Real, but Optimism Remains for Future Gains”

Suzano SA, the world’s largest wood pulp supplier based in São Paulo, reported a substantial loss of BRL 3.77 billion ($680 million) for the quarter ending June, marking the company’s largest quarterly loss since 1998. This loss starkly contrasts with the BRL 5.1 billion profit reported during the same period last year. Analysts had projected a profit of BRL 2.13 billion, according to…
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