BrasilAgro - Companhia Brasileira de Propriedades Agrícolas Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 07, 2023 at 06:10 pm EST
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BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was BRL 156.7 million compared to BRL 263.37 million a year ago. Revenue was BRL 171.54 million compared to BRL 600.95 million a year ago. Net loss was BRL 12.88 million compared to net income of BRL 299.34 million a year ago.
For the six months, sales was BRL 455.02 million compared to BRL 641.46 million a year ago. Revenue was BRL 486.48 million compared to BRL 1,116.11 million a year ago. Net income was BRL 29.12 million compared to BRL 407.21 million a year ago. Basic earnings per share from continuing operations was BRL 0.2947 compared to BRL 4.1053 a year ago. Diluted earnings per share from continuing operations was BRL 0.2931 compared to BRL 4.0841 a year ago.
Brasilagro Companhia Brasileira de Propriedades Agricolas is a Brazil-based company focused on the acquisition, development and exploration of rural properties suitable for agricultural activities. The Company seeks to transform their acquired properties through investments in infrastructure and technologies which permit cultivation of high value-added crops, such as soybean, corn and sugarcane as well as cattle raising. Brasilagroâs activities are divided into six business segments: Real Estate, that presents the Profit and Loss (P&L) from operations carried out in the Companyâs subsidiaries; Grains, a producer and seller of soybean, corn and bean; Sugarcane, a seller of raw product; Cattle Raising, which produces and sales beef calves after weaning; Cotton, a producer and seller of cotton lint and seed as well as the Other segment. The Company has several subsidiaries including Imobiliaria Mogno Ltda, Agrifirma Delaware LLC and Agrifirma Bahia Agropecuaria Ltda.