São Carlos Empreendimentos e Participações S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 07, 2023
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São Carlos Empreendimentos e Participações S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported Revenue was BRL 173.43 million compared to BRL 91.24 million a year ago. Net loss was BRL 11.21 million compared to BRL 0.54 million a year ago.
For the full year, the company reported Revenue was BRL 385.14 million compared to BRL 288.06 million a year ago. Net loss was BRL 80.24 million compared to net income of BRL 30.44 million a year ago. Basic loss per share from continuing operations was BRL 1.409 compared to basic earnings per share from continuing operations of BRL 0.5382 a year ago. Diluted loss per share from continuing operations was BRL 1.3722 compared to diluted earnings per share from continuing operations of BRL 0.5232 a year ago.
Sao Carlos Empreendimentos e Participacoes SA is a Brazil-based company principally engaged in the commercial real estate sector. The Company is involved in the management of its own or third party real estate properties, leasing of property and operation of parking lots. The Company's real estate portfolio includes office buildings, distribution centers and street stores, located in the states of Sao Paulo, Rio de Janeiro, Minas Gerais and Rio Grande do Sul. As of December 31, 2011, the Company's subsidiaries included 253 Participacoes Ltda, SC Corretora de Imoveis Ltda, SC Varejo Grande SP Empreendimentos e Participacoes Ltda, Top Center Empreendimentos e Participacoes Ltda and SC Sul Empreendimentos e Participacoes Ltda, among others. In November, 2013, the Company concluded sale of property Brazilian Financial Center to Fundo de Investimento Imobiliario FII Prime Portfolio and it received BRL 250 million.
SÃO CARLOS EMPREENDIMENTOS E PARTICIPAÇÕES S.A. 
