BR Distribuidora's profit falls 37.7% in the second quarter

BR Distribuidora reported a decrease in its net income last Tuesday (11). The value of 188 million, raised in the second quarter, represents a 37.7% drop in the company's revenue stemming from the with the result of the same period of 2019.

It is known that the fall is directly related to the pandemic of coronavirus, which negatively impacted the company's prices and sales volume. The largest fuel distributor in the country had a net revenue of R$ 14.8 million between April and June of this year, representing a 38.1% decrease in the comparison, with a decrease in sales volume of 21.7%.

"The second quarter of 2020 was mainly marked by by the reduction of volumes sold and also by the effect of reductions in prices oil derivatives that occurred until April, which resulted in the significant adjustment in the marking of our inventories", said BR Distribuidora.

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