Copa Holdings, S.A. (NYSE: CPA), the prominent Latin American airline group, saw its shares tumble by 7.6% during after-hours trading following the release of its third-quarter 2024 earnings report. The company reported a significant year-on-year decline in net profit, coupled with a dip in key operational metrics, sparking concerns among investors. Declining profits and margins […]
Sanjivani Paranteral Ltd, a pharmaceutical powerhouse based in Mumbai, has announced remarkable financial results for Q2 of the fiscal year 2025, showcasing significant growth across revenue and profitability metrics. With a year-on-year revenue increase of 29.5%, the company has reinforced its leadership in manufacturing parenteral and oral solid products, particularly in therapeutic areas such as […]
Telecommunications giant America Movil reported an impressive third-quarter net profit increase, tripling its previous year’s numbers, reaching $339.9 million. The Mexican company attributed its performance boost to favourable exchange rate impacts, as a weaker peso significantly increased its earnings from foreign operations, coupled with reduced financing costs and effective operational streamlining. Revenue for the quarter […]
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a major conglomerate in the retail and beverage sectors in Mexico, has announced a definitive agreement to divest a significant portion of its logistics subsidiary, Solistica, to Grupo Traxion for approximately 4.06 billion Mexican pesos (around $208 million USD). This transaction, revealed on October 10, 2024, represents a […]
In a landmark development poised to redefine the dynamics of the beauty and personal care industry, the European-based Sodalis Group has announced its acquisition of HRB Brands from Tengram Capital Partners, a middle-market private equity firm. HRB Brands, known for its iconic names such as Alberto VO5, Zest, Brut, and Rave, holds a significant presence […]
In a shocking turn of events, Alkem Laboratories has uncovered that counterfeit drugs have been implicated in an ongoing investigation involving two of its popular products—Pan-D and Clavam 625. This discovery follows a report by the Central Drugs Standard Control Organization (CDSCO), which flagged certain batches of the drugs as substandard. However, Alkem Laboratories swiftly […]
Teck Resources Limited, a leading mining company based in Vancouver, Canada, has announced a sweeping overhaul of its corporate structure and leadership team as it pivots towards becoming a pure-play energy transition metals producer. The restructuring is a strategic move aimed at enhancing its position in the copper market, a metal critical to global clean […]
Google is deepening its commitment to Latin America with a substantial investment of over $850 million USD in a new data center in Canelones, Uruguay. This facility is set to bolster the region’s digital infrastructure, enhance connectivity, and support the rising demand for digital services, particularly artificial intelligence (AI). The move marks a significant step […]
Godrej Consumer Products Limited (GCPL), a leading FMCG company in emerging markets, has announced robust financial results for the first quarter of fiscal year 2025, which ended on June 30, 2024. The company demonstrated impressive growth across various segments despite challenges in certain regions. GCPL also revealed its entry into the pet care industry, marking […]
Lupin Limited has reported a remarkable financial performance for the quarter ending June 30, 2024. The pharmaceutical giant’s sales for Q1 FY2025 reached INR 55,143 million, marking a 12.7% increase from Q4 FY2024 and a 16.3% rise from Q1 FY2024. The company’s EBITDA surged by 27.5% quarter-on-quarter to INR 13,088 million, a 48.9% year-on-year increase. […]