São Carlos Empreendimentos e Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022
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São Carlos Empreendimentos e Participações S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 70.89 million compared to BRL 60.46 million a year ago. Revenue was BRL 79.24 million compared to BRL 60.46 million a year ago. Net loss was BRL 21.16 million compared to net income of BRL 4.33 million a year ago. Basic loss per share from continuing operations was BRL 0.37118 compared to basic earnings per share from continuing operations of BRL 0.0767 a year ago.
For the nine months, sales was BRL 203.12 million compared to BRL 196.83 million a year ago. Revenue was BRL 211.62 million compared to BRL 196.83 million a year ago. Net loss was BRL 69.02 million compared to net income of BRL 30.98 million a year ago. Basic loss per share from continuing operations was BRL 1.21054 compared to basic earnings per share from continuing operations of BRL 0.5477 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. 
