SIMPAR S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BRL 7,440.04 million compared to BRL 4,530.2 million a year ago. Net income was BRL 6.19 million compared to BRL 191.65 million a year ago.

Basic earnings per share from continuing operations was BRL 0.0075 compared to BRL 0.2384 a year ago. Diluted earnings per share from continuing operations was BRL 0.0075 compared to BRL 0.2351 a year ago.