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UGP / Ultrapar: Caution Amidst Brazil's Uncertain Fuel Pricing

Ultrapar: Caution Amidst Brazil's Uncertain Fuel Pricing
Ultrapar, a major Brazilian business group, operates in cyclical industries, focusing on core businesses like Ipiranga, Ultracargo, and Ultragaz. The company faces uncertainty in Brazil's fuel market due to Petrobras' independent pricing, increased Russian oil imports, and oversupply of diesel. Ultrapar's recent financial results for Q2 2023 showed a decline in net profit and revenue, primarily attributed to lower turnover at Ipiranga and decreased EBITDA in challenging market conditions. Read More
Posted: Sep 11 2023, 17:24
Author Name: Seeking Alpha
Views: 112260

UGP News  

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