Energisa S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 06:21 pm EST
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Energisa S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 7,329.17 million compared to BRL 7,042.67 million a year ago. Net income was BRL 493.39 million compared to BRL 402.12 million a year ago.
For the nine months, sales was BRL 20,455.75 million compared to BRL 19,717.65 million a year ago. Net income was BRL 1,377.68 million compared to BRL 1,732.78 million a year ago. Basic earnings per share from continuing operations was BRL 0.6769 compared to BRL 0.9315 a year ago. Diluted earnings per share from continuing operations was BRL 0.6765 compared to BRL 0.9308 a year ago.
Energisa SA is a Brazil-based holding company involved in the energy sector. Through its subsidiaries, the Company is mainly engaged in the distribution and marketing of electric energy. It distributes energy for residential, industrial, commercial and rural consumption. The Company operates in the states of Rio de Janeiro, Sao Paulo, Parana, Minas Gerais, Sergipe, Paraiba, Mato Grosso, Mato Grosso do Sul, Tocantins, Rondonia and Acre. In addition to entities engaged in the electric energy distribution, the Company's subsidiaries include Energisa Solucoes SA, which provides services related to generation and distribution of electric power; Energisa Servicos Aereos SA, which provides thermographic inspection services; and Energisa Planejamento e Corretagem Seguros Ltda, involved in the insurance brokerage, among others.
ENERGISA S.A. 
