Marcopolo S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 07:23 pm EDT
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Marcopolo S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was BRL 59.11 million compared to BRL 108.2 million a year ago. Basic earnings per share from continuing operations was BRL 0.063 compared to BRL 0.114 a year ago.
For the nine months, net income was BRL 191.24 million compared to BRL 298.16 million a year ago.
Marcopolo SA, formerly Marcopolo SA - Carrocerias e Onibus, is a Brazil-based company primarily engaged in the manufacture of buses. The Company's activities are divided into two business segments: Industrial and Finance. The Industrial division focuses on designing, producing and distributing bus bodies and spare parts. Its product lines comprise a range of models, including coaches, intercity, urban and micro buses, as well as light commercial vehicles (LCVs), which are marketed under the Volare brand name. The Finance division is responsible for financing transactions through Banco Moneo. Its financial products include personal and commercial credits, leasing with purchase option, short-term loans and credit lines. The Company operates through a number of subsidiaries in Brazil, Argentina, Mexico, Canada, South Africa and China, among others.
MARCOPOLO S.A. 
