São Carlos Empreendimentos e Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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São Carlos Empreendimentos e Participações S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 61.93 million compared to BRL 70.89 million a year ago. Revenue was BRL 88.28 million compared to BRL 79.24 million a year ago. Net loss was BRL 13.31 million compared to BRL 21.16 million a year ago. Basic loss per share from continuing operations was BRL 0.23308 compared to BRL 0.37118 a year ago.
For the nine months, sales was BRL 182.1 million compared to BRL 203.12 million a year ago. Revenue was BRL 614.41 million compared to BRL 211.62 million a year ago. Net income was BRL 49.6 million compared to net loss of BRL 69.02 million a year ago. Basic earnings per share from continuing operations was BRL 0.86849 compared to basic loss per share from continuing operations of BRL 1.21054 a year ago. Diluted earnings per share from continuing operations was BRL 0.84493.
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. 
