Arco Platform Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 470.96 million compared to BRL 412.14 million a year ago. Net loss was BRL 74.04 million compared to BRL 13.34 million a year ago. Diluted loss per share from continuing operations was BRL 1.19 compared to BRL 0.24 a year ago.
For the six months, sales was BRL 1,005.87 million compared to BRL 842.17 million a year ago. Net income was BRL 16.59 million compared to BRL 89.32 million a year ago. Diluted earnings per share from continuing operations was BRL 0.91 compared to diluted loss per share from continuing operations of BRL 1.45 a year ago.