May 2023 – FriGol reported gross revenue of R$730 million in the first quarter of 2023, down by 30% from the same period in 2022. EBITDA (profit before interest, taxes, depreciation, and amortization) was negative by R$2.6 million, with a margin of -0.4%, reaching the breakeven point, compared to a record result of R$94 million … Continue reading FriGol reports gross revenue of R$730 million, reaching the breakeven point in 1Q23, impacted by the self-imposed embargo on exports to China