BrasilAgro - Companhia Brasileira de Propriedades Agrícolas Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 09, 2023 at 07:21 pm EDT
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BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was BRL 190.69 million compared to BRL 175.94 million a year ago. Revenue was BRL 249.2 million compared to BRL 382.44 million a year ago. Net loss was BRL 3.29 million compared to net income of BRL 81.78 million a year ago.
For the nine months, sales was BRL 645.71 million compared to BRL 817.4 million a year ago. Revenue was BRL 735.68 million compared to BRL 1,498.55 million a year ago. Net income was BRL 25.83 million compared to BRL 488.99 million a year ago. Basic earnings per share from continuing operations was BRL 0.2614 compared to BRL 4.9297 a year ago. Diluted earnings per share from continuing operations was BRL 0.26 compared to BRL 4.9044 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.