Advertisement
Singapore markets open in 3 hours 43 minutes

  • Straits Times Index

    3,415.51
    +47.61 (+1.41%)
     

  • S&P 500

    5,537.02
    +28.01 (+0.51%)
     

  • Dow

    39,308.00
    -23.90 (-0.06%)
     

  • Nasdaq

    18,188.30
    +159.54 (+0.88%)
     

  • Bitcoin USD

    59,799.52
    -2,028.55 (-3.28%)
     

  • CMC Crypto 200

    1,251.96
    -82.95 (-6.21%)
     

  • FTSE 100

    8,171.12
    +49.92 (+0.61%)
     

  • Gold

    2,369.40
    +36.00 (+1.54%)
     

  • Crude Oil

    83.88
    +1.07 (+1.29%)
     

  • 10-Yr Bond

    4.3550
    -0.0810 (-1.83%)
     

  • Nikkei

    40,580.76
    +506.06 (+1.26%)
     

  • Hang Seng

    17,978.57
    +209.47 (+1.18%)
     

  • FTSE Bursa Malaysia

    1,615.32
    +17.36 (+1.09%)
     

  • Jakarta Composite Index

    7,196.75
    -7,125.14 (-49.75%)
     

  • PSE Index

    6,450.03
    +91.07 (+1.43%)
     

Brazil's Magazine Luiza swings to profit in first quarter

Reuters

SAO PAULO, May 9 (Reuters) - Brazilian retailer Magazine Luiza reported on Thursday a 27.9 million reais ($5.4 million) net profit for the first quarter, after a 391.2 million reais loss a year earlier.

On an adjusted basis, it posted a 29.8 million-real net profit in the quarter ended in March, also turning to green year-on-year, while analysts expected a 30 million reais profit. ($1 = 5.1426 reais) (Reporting by Andre Romani; Editing by Steven Grattan)