São Carlos Empreendimentos e Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023
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São Carlos Empreendimentos e Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 63.85 million compared to BRL 67.2 million a year ago. Revenue was BRL 314.64 million compared to BRL 67.35 million a year ago. Net income was BRL 47.79 million compared to net loss of BRL 27.59 million a year ago. Basic earnings per share from continuing operations was BRL 0.83566 compared to basic loss per share from continuing operations of BRL 0.48376 a year ago. Diluted earnings per share from continuing operations was BRL 0.81319.
For the six months, sales was BRL 120.17 million compared to BRL 132.23 million a year ago. Revenue was BRL 526.13 million compared to BRL 132.39 million a year ago. Net income was BRL 62.91 million compared to net loss of BRL 47.86 million a year ago. Basic earnings per share from continuing operations was BRL 1.10157 compared to basic loss per share from continuing operations of BRL 0.83936 a year ago. Diluted earnings per share from continuing operations was BRL 1.072.
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. 
