Metalfrio Solutions S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
April 27, 2023 at 07:15 pm EDT
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Metalfrio Solutions S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net loss was BRL 109.68 million compared to net income of BRL 13.03 million a year ago. Basic loss per share from continuing operations was BRL 26.7075 compared to basic earnings per share from continuing operations of BRL 3.1721 a year ago. Diluted loss per share from continuing operations was BRL 26.7075 compared to diluted earnings per share from continuing operations of BRL 3.1721 a year ago.
For the six months, net loss was BRL 109.01 million compared to net income of BRL 12.07 million a year ago. Basic loss per share from continuing operations was BRL 26.5429 compared to basic earnings per share from continuing operations of BRL 2.9395 a year ago. Diluted loss per share from continuing operations was BRL 26.5429 compared to diluted earnings per share from continuing operations of BRL 2.9395 a year ago.
Metalfrio Solutions SA is a Brazil-based company involved in the production of plug-in commercial refrigerators and freezers. The Company's activities are divided into two business segments: Products and Services. The Products division is responsible for the manufacture and sale of domestic and commercial refrigerators and freezers. The Services division focuses on the maintenance and technical assistance for the products, sale of spare parts to authorized dealers and product customers, as well as logistics services. The Company distributes products under a number of brand names, such as Metalfrio, Derby, Caravell and Klimasan. It operates production plants in Europe and the Americas. The Company's subsidiaries include Metalfrio Solutions Sogutma Sanayi ve Ticaret Anonim Sirket, Metalfrio Solutions Inc, Begur Transportes Rodoviarios, Logistica e Servicos Ltda and Metalfrio Solutions Mexico SA de CV.
METALFRIO SOLUTIONS S.A. 
