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Sendas Distribuidora ( (ASAIY) ) just unveiled an update.
Sendas Distribuidora S.A. presented its audited financial statements for the year ending December 31, 2024, which were reviewed by Deloitte Touche Tohmatsu Auditores Independentes Ltda. The company reported a satisfactory financial position, adhering to Brazilian and IFRS accounting standards. A key audit matter identified was the recoverability of ICMS tax credits, amounting to R$1,297 million, which is contingent upon future tax payables. The audit emphasized the complexity of Brazilian state tax legislation and the importance of management’s judgment in assessing these credits. The audit findings suggest that the management’s evaluations and related disclosures are appropriate, reflecting the company’s diligence in managing its tax obligations.
More about Sendas Distribuidora
Sendas Distribuidora S.A. operates in the retail industry, primarily focusing on the distribution of products in Brazil. It offers a variety of consumer goods and services and plays a significant role in the Brazilian market, particularly in relation to state tax regulations and credits.
YTD Price Performance: 46.20%
Average Trading Volume: 998,527
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.74B
For detailed information about ASAIY stock, go to TipRanks’ Stock Analysis page.
