BrasilAgro - Companhia Brasileira de Propriedades Agrícolas Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 07, 2024 at 04:59 pm EST
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BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was BRL 147.22 million compared to BRL 156.7 million a year ago. Revenue was BRL 155.29 million compared to BRL 171.54 million a year ago. Net loss was BRL 5.82 million compared to BRL 12.88 million a year ago. Basic loss per share from continuing operations was BRL 0.0586 compared to BRL 0.1304 a year ago. Diluted loss per share from continuing operations was BRL 0.0589.
For the six months, sales was BRL 418.98 million compared to BRL 455.02 million a year ago. Revenue was BRL 419.9 million compared to BRL 486.48 million a year ago. Net income was BRL 24.16 million compared to BRL 29.12 million a year ago. Basic earnings per share from continuing operations was BRL 0.2433 compared to BRL 0.2947 a year ago. Diluted earnings per share from continuing operations was BRL 0.2428 compared to BRL 0.2931 a year ago.
Brasilagro Companhia Brasileira de Propriedades Agricolas is a Brazil-based company focused on the acquisition, development and exploration of rural properties suitable for agricultural activities. The Company seeks to transform their acquired properties through investments in infrastructure and technologies which permit cultivation of high value-added crops, such as soybean, corn and sugarcane as well as cattle raising. Brasilagroâs activities are divided into six business segments: Real Estate, that presents the Profit and Loss (P&L) from operations carried out in the Companyâs subsidiaries; Grains, a producer and seller of soybean, corn and bean; Sugarcane, a seller of raw product; Cattle Raising, which produces and sales beef calves after weaning; Cotton, a producer and seller of cotton lint and seed as well as the Other segment. The Company has several subsidiaries including Imobiliaria Mogno Ltda, Agrifirma Delaware LLC and Agrifirma Bahia Agropecuaria Ltda.
BRASILAGRO - COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS 
