SLC Agrícola S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023
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SLC Agrícola S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was BRL 2,130.19 million compared to BRL 2,388.58 million a year ago. Net income was BRL 334.2 million compared to BRL 473.92 million a year ago. Basic earnings per share from continuing operations was BRL 0.7365. Diluted earnings per share from continuing operations was BRL 0.7321.
For the six months, revenue was BRL 5,204.38 million compared to BRL 5,884.39 million a year ago. Net income was BRL 873.1 million compared to BRL 1,219.04 million a year ago. Basic earnings per share from continuing operations was BRL 1.9241 compared to BRL 2.6654 a year ago. Diluted earnings per share from continuing operations was BRL 1.9127 compared to BRL 2.6507 a year ago.
SLC Agricola SA is a Brazil-based company principally engaged in agricultural sector. The Company is active in the in the whole agricultural production cycle, which includes planning, purchasing supplies, soil preparation, planting and harvesting, as well as processing and storage, among others. The Company's activities are divided into two business segments: Agricultural production and Land portfolio. The Agricultural production division focuses on developing plantations of various crops, such as cotton, soybean, corn, wheat, coffee, sorghum, sugarcane and sunflower. The Land portfolio division is responsible for the acquisition and development of land for agriculture. The Company operates through a number of subsidiaries, such as Fazenda Planorte Empreendimentos Agricolas Ltda, SLC-MIT Empreendimentos Agricolas SA and Fazenda Parnaiba Empreendimentos Agricolas Ltda.
SLC AGRÍCOLA S.A. 
