São Carlos Empreendimentos e Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 03, 2022
Share
São Carlos Empreendimentos e Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was BRL 67.2 million compared to BRL 60.71 million a year ago. Revenue was BRL 67.35 million compared to BRL 60.71 million a year ago. Net loss was BRL 27.59 million compared to net income of BRL 7.33 million a year ago. Basic loss per share from continuing operations was BRL 0.48376 compared to basic earnings per share from continuing operations of BRL 0.1299 a year ago.
For the six months, sales was BRL 132.23 million compared to BRL 136.37 million a year ago. Revenue was BRL 132.39 million compared to BRL 136.37 million a year ago. Net loss was BRL 47.86 million compared to net income of BRL 26.65 million a year ago. Basic loss per share from continuing operations was BRL 0.83936 compared to basic earnings per share from continuing operations of BRL 0.471 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.