Light S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 3,464.69 million compared to BRL 3,918.16 million a year ago. Net income was BRL 7.88 million compared to BRL 363.99 million a year ago. Basic earnings per share from continuing operations was BRL 0.02 compared to BRL 0.99 a year ago.
For the nine months, sales was BRL 10,418.64 million compared to BRL 10,830.97 million a year ago. Net loss was BRL 178.19 million compared to net income of BRL 325.43 million a year ago. Basic loss per share from continuing operations was BRL 0.49 compared to basic earnings per share from continuing operations of BRL 0.89 a year ago.