SLC AgrÃcola S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 07:28 pm EDT
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SLC AgrÃcola S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was BRL 1,383.16 million compared to BRL 1,143.49 million a year ago. Net loss was BRL 63.66 million compared to net income of BRL 121.01 million a year ago. Basic loss per share from continuing operations was BRL 0.2788 compared to basic earnings per share from continuing operations of BRL 0.53 a year ago.
For the nine months, revenue was BRL 7,267.55 million compared to BRL 4,396.77 million a year ago. Net income was BRL 1,155.39 million compared to BRL 882.6 million a year ago. Basic earnings per share from continuing operations was BRL 5.0611 compared to BRL 3.8653 a year ago. Diluted earnings per share from continuing operations was BRL 5.0422 compared to BRL 3.8426 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. 
