Camil (CAML3) Reports 69% Decline in Q3 2024 Net Income to R$ 44.4 Million as Shares Fall Double Digits

Camil, a Brazilian food company, reported a 69% decline in net income for the third fiscal quarter of 2024, amounting to R$ 44.4 million. This sharp decrease has led to a significant drop in the company's stock price, with shares falling by double digits during the trading session. The financial results highlight ongoing challenges faced by the company in the competitive food industry.