Ultrapar Participacoes SA ( (UGP) ) has issued an announcement.
Ultrapar Participações S.A. released its financial statements for the year ending December 31, 2024, which were audited by Deloitte Touche Tohmatsu. The audit confirmed that the financial statements fairly represent the company’s financial position and performance in accordance with Brazilian and international accounting standards. A critical audit matter identified was the recoverability of tax credits related to PIS and COFINS, which required significant judgment due to the complexity of tax laws and the substantial amounts involved.
More about Ultrapar Participacoes SA
Ultrapar Participações S.A. is a Brazilian conglomerate with operations in various sectors, including fuel distribution through Ipiranga, chemicals through Oxiteno, and storage for liquid bulk through Ultracargo. The company is a significant player in the Brazilian market, focusing on delivering essential services and products across these industries.
YTD Price Performance: 7.22%
Average Trading Volume: 1,772,370
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.05B
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