Log-In Log?stica Intermodal S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Log-In Log?stica Intermodal S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was BRL 359.54 million compared to BRL 298.43 million a year ago. Net income was BRL 60.24 million compared to BRL 9.04 million a year ago. Basic earnings per share from continuing operations was BRL 0.58 compared to BRL 0.09 a year ago. Diluted earnings per share from continuing operations was BRL 0.57.
For the nine months, sales was BRL 1,009.1 million compared to BRL 804.39 million a year ago. Net income was BRL 76.48 million compared to net loss of BRL 120.39 million a year ago. Basic earnings per share from continuing operations was BRL 0.73 compared to basic loss per share from continuing operations of BRL 1.16 a year ago. Diluted earnings per share from continuing operations was BRL 0.73.
Log-in Logistica Intermodal SA, formerly Docenave Navegacao Vale do Rio Doce SA, is a Brazil-based company that plans, manages and operates cargo handling solutions through cabotage, complemented by road services. The Company operates an interconnected network, which includes port handling and door-to-door transportation, through an intermodal network that covers Brazil and the Southern Common Market region (Mercosur). The Company's activities are divided into three areas: Coastal Shipping, offering maritime transportation in ports in the Brazilian coast and Mercosur, integrated to services contracted for road short-distance transportation; Port Terminal, providing management and operation of a container port terminal, the Vila Velha Terminal (TVV), in the state of Espirito Santo, Brazil, and Intermodal Terminals, including ground intermodal terminals integrated to services offered by Coastal Shipping area.